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The Global Joint Distribution of Income and Health

Wu, Ximing; Savvides, Andreas; Stengos, Thanasis - CESifo - 2008

unimodal one, the evolution of the health distribution has preceded that of income, global inequality and poverty has decreased …, global inequality and poverty would be substantially underestimated if the dependence between the income and health … indicates that global inequality would be underestimated if within-country inequality is not taken into account. Moreover …

Persistent link: https://www.econbiz.de/10005196304

Does money change who you are? Quasi-experimental evidence on the effects of wage increases on personality

Ayaita, Adam - 2022

Using the 2015 introduction of a statutory minimum wage in Germany as a quasi-experiment, I investigate the effects of wage increases on personality. The degree to which each worker's wage is intended to be affected by the reform is used as an instrument for the relative increase in the worker's...

Persistent link: https://www.econbiz.de/10013347613

Does the choice of well-being measure matter empirically? An illustration with German data

Decancq, Koen; Neumann, Dirk - 2014

We discuss and compare five measures of individual well-being, namely income, an objective composite well-being index, a measure of subjective well-being, equivalent income, and a well-being measure based on the von Neumann-Morgenstern utilities of the individuals. After examining the...

Persistent link: https://www.econbiz.de/10010464358

Income Inequality, Mobility and the Accumulation of Capital

Garcia-Peñalosa, Cecilia; Turnovsky, Stephen - CESifo - 2013

We examine the determinants of income mobility and inequality in a Ramsey model with elastic labor supply and … relationship between mobility and inequality is complex. For example, a reduction in the interest rate and an increase in the wage … rate reduce capital income inequality and allow upward mobility of the ability-rich. However, the increase in the labor …

Persistent link: https://www.econbiz.de/10010732346

Dynamics of income rank volatility: Evidence from Germany and the US

Chauvel, Louis; Hartung, Anne; Palmisano, Flaviana - 2017

This paper presents a methodology for comparing income rank volatility profiles over time and across distributions. While most of the existing measures are affected by changes in marginal distributions, this paper proposes a framework that is based on individuals' relative positions in the...

Persistent link: https://www.econbiz.de/10011748468

Income changes do not influence political participation: Evidence from comparative panel data

Jungkunz, Sebastian; Marx, Paul - 2021

latent-growth-curve modeling based on household panels show that participatory inequality by parental income is already large … research on (political) inequality in youth and childhood. …

Persistent link: https://www.econbiz.de/10012549992

Knowledge is Power - A Theory of Information, Income, and Welfare Spending

Lind, Jo Thori; Rohner, Dominic - CESifo - 2011

No voters cast their votes based on perfect information, but better educated and richer voters are on average better informed than others. We develop a model where the voting mistakes resulting from low political knowledge reduce the weight of poor voters, and cause parties to choose political...

Persistent link: https://www.econbiz.de/10009324089

Income Mobility

Jäntti, Markus; Jenkins, Stephen P. - Forschungsbasierte Infrastruktureinrichtung … - 2013

We survey the literature on income mobility, aiming to provide an integrated discussion of mobility within- and between-generations. We review mobility concepts, descriptive devices, measurement methods, data sources, and recent empirical evidence.

Persistent link: https://www.econbiz.de/10011128997

Estimating the Influence of Life Satisfaction and Positive Affect on Later Income Using Sibling Fixed-Effects

Neve, Jan-Emmanuel De; Oswald, Andrew J. - CESifo - 2012

The question of whether there is a connection between income and psychological well-being is a long-studied issue across the social, psychological, and behavioral sciences. Much research has found that richer people tend to be happier. However, relatively little attention has been paid to...

Persistent link: https://www.econbiz.de/10010595387

Happiness, Habits and High Rank: Comparisons in Economic and Social Life

Clark, Andrew E. - Forschungsbasierte Infrastruktureinrichtung … - 2012

The role of money in producing sustained subjective well-being seems to be seriously compromised by social comparisons and habituation. But does that necessarily mean that we would be better off doing something else instead? This paper suggests that the phenomena of comparison and habituation...

Persistent link: https://www.econbiz.de/10010784010