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We investigate how early life circumstances - childhood health and socioeconomic status (SES) - are associated with labor market outcomes over an individualś entire life cycle. A life cycle approach provides insights not only into which labor market outcomes are associated with adverse...
Persistent link: https://www.econbiz.de/10011303594
In this paper, the concept of Income Satisfaction Inequality is operationalized on the basis of individual responses to … an Income Satisfaction question posed in the German Socio-Economic Panel (GSOEP). Income satisfaction is the subjective … analogue of the objective income concept and includes objective income inequality as a special case. The paper introduces a …
Persistent link: https://www.econbiz.de/10011326418
Empirical studies show low pecuniary returns of switching from wage employment to entrepreneurship. We reconsider the pecuniary gains of this switching by employing a two-stage procedure, where the randomness in the timing of inheritance transfers is used as an exclusion restriction to identify...
Persistent link: https://www.econbiz.de/10011722648
This paper formulates a simple skill and education model to explain how better access to higher education leads to stronger assortative mating on skills of parents and more polarized skill and earnings distributions of children. Swedish data show that in the second half of the 20th century more...
Persistent link: https://www.econbiz.de/10013472300
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generates a higher income, but only for entrepreneurs: This finding supports Lazear's Jack-of-all-Trades theory. …
Persistent link: https://www.econbiz.de/10011376647
We argue that promoting education may be a means to reduceincome inequality. When workers of different skill levels areimperfect substitutes in production, an increase in the level ofhuman capital in the economy reduces the return to education.Hence, a given compression of after-tax incomes can...
Persistent link: https://www.econbiz.de/10011333262
Persistent link: https://www.econbiz.de/10009722984
It is well known that income and health are positively associated. Much less is known about the strength of this … by government transfers versus market transfers on changes in income-related health inequality (IRHI) in Europe. Using … the European Union Survey of Income and Living Conditions (EU-SILC) panel data for 7 EU countries from 2004 to 2013, we …
Persistent link: https://www.econbiz.de/10011895704