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novel two-step estimation procedure that allows applying instrumental variable regressions with ordinal observable data. As …
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Neither market income nor consumption expenditure provides an adequate picture of individual standard of living. It is time which enables and restricts individual activities and is a further brick to a more comprehensive picture of individual well-being. In our study we focus on a prominent part...
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- Germany. We find, for instance, that for West-workers hearing impediments are on average equivalent to an income reduction of …
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than unity, so that the gap between aspired and realized income increases with aspirations. From the estimation of this … estimation of the model also shows a substantial effect of traits on income …
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We examine the origins and outcome of entrepreneurship on the basis of exceptionally comprehensive Norwegian matched worker-firm-owner data. In contrast to most existing studies, our notion of entrepreneurship not only comprises self-employment, but also employment in partly self-owned limited...
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