We analyze how agents' present bias affects optimal contracting in an infinite-horizon employment setting. The …

supply, earnings and welfare over the life cycle. The bias increases part-time employment strongly, induces flatter long … joint taxation. The most significant impact of the bias appears for college-educated women. …

equivalent household income. Permanent and transitory variances of male income over the period 1984-2008 are estimated for Old … German Laender in order to determine their importance to income dynamics. To uncover the role of the welfare state in … smoothening earnings shocks we compute different income concepts reaching from gross earnings to net equivalent household income …

We provide a comprehensive analysis of income inequality and income dynamics for Germany over the last two decades …. Combining personal income tax and social security data allows us – for the first time – to offer a complete picture of the … German labor market and increasing labor supply. In the second part of the paper, we study the distribution of total income …

-cycle insurance impact is much smaller. At the mean, a positive hours shock of one standard deviation raises life-time income by 10 …

We extend the canonical income process with persistent and transitory risk to shock distributions with left …-skewness and excess kurtosis, to which we refer as higher-order risk. We estimate our extended income process by GMM for household …

income, weight or height to some degree. Additionally, respondents may be more prone to round off or up due to social … desirability. By ignoring the heaping process a severe bias in terms of spikes and bumps is introduced when applying kernel density …