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We estimate household equivalence scales using income satisfaction data from the German Socio-Economic Panel. We extend … previous studies applying this approach by taking reference income into account. This allows separating needs-based from … reference effects in the determination of income satisfaction. We show that this adjustment helps to overcome a bias causing an …
Persistent link: https://www.econbiz.de/10011547742
This paper presents a methodology for comparing income rank volatility profiles over time and across distributions …
Persistent link: https://www.econbiz.de/10011747288
Many small businesses closed in the pandemic, but were economic losses disproportionately felt by businesses owned by people of color? This paper provides the first study of the impacts of COVID-19 on racial inequality in business earnings. Pandemic-induced losses to business earnings in 2020...
Persistent link: https://www.econbiz.de/10014336469
inequality. Combining various income and wealth measures with different health measures, we calculate 80 health concentration …
Persistent link: https://www.econbiz.de/10008824264
This note provides evidence for the relationship between income comparisons and subjective well-being (SWB), using … novel German data on self-reported comparison intensity and perceived relative income for seven reference groups. We find … for other reference groups, such as neighbours. Work-related income comparisons are mostly upwards and there is a strong …
Persistent link: https://www.econbiz.de/10011346880
income but also as to be rich in time because of their time-sovereignty in principle. Our introducing study scrutinises these … results and notions about the well-being situation of self-employed persons not only by asking about traditional single income … the substitution/compensation between genuine, personal leisure time and income. The available detailed Time Use Surveys …
Persistent link: https://www.econbiz.de/10011509118
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 …
Persistent link: https://www.econbiz.de/10010462001
Subjective well-being (SWB) is generally argued to rise with relative income. However, direct evidence is scarce on … whether and how intensively individuals undertake income comparisons, to whom they relate, and what they perceive their … relative income to be. In this paper, novel data with direct information on income comparison intensity and perceived relative …
Persistent link: https://www.econbiz.de/10009738124
the income tax, assigning it a role as a redistributional backstop mechanism. However, when measured against annual income … income. We argue that instead of using yearly income, one should measure wealth tax burdens with respect to individual … lifetime income in family dynasties. Using rich Norwegian administrative data, we describe how a lifetime-dynastic income …
Persistent link: https://www.econbiz.de/10011717186
effect of the coronavirus crisis on household income and retirement wealth, households’ expectations about the recovery, and … pronounced for middle-age households and those higher in the wealth and income distributions. This contrasts with income shocks …, which are stronger for younger households and those in lower income and wealth quintiles. Expectations about household …
Persistent link: https://www.econbiz.de/10012206687