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We examine the impact of family income during childhood on the type of secondary school that German children attend, a good indicator of their lifetime socioeconomic attainment. By contrast with several US child outcome studies, we find that late-childhood income is a more important determinant...
Persistent link: https://www.econbiz.de/10011437043
Intragenerational mobility has been a central concern in sociology, especially in the latter half of the 20th century. Most of this analysis has proceeded using measures of social position that are functions of an individual's occupation. This approach has been based on two primary...
Persistent link: https://www.econbiz.de/10011434311
Economically active people are either in gainful employment, are unemployed or self-employed. We are interested in the dynamics of the transitions between these states across the business cycle. It is generally perceived that employment or self-employment are absorbing states. However,...
Persistent link: https://www.econbiz.de/10002416912
The price for a single-family house depends both on the characteristics of the building and on its location. We propose a novel semiparametric method to extract location values from house prices. After splitting house prices into building and land components, location values are estimated with...
Persistent link: https://www.econbiz.de/10009579297
We test empirically whether people’s life satisfaction depends on their relative income position in the neighbourhood, drawing on a unique dataset, the German Socio-economic Panel Study (SOEP) matched with micro-marketing indicators of population characteristics. Relative deprivation theory...
Persistent link: https://www.econbiz.de/10003486020
In several OECD countries, public pay-as-you-go financed pension systems have undergone major reforms in which future retirement benefit promises have been scaled down. A consequence of these reforms is that especially in countries with a tight tax-benefit linkage, the retirement benefit claims...
Persistent link: https://www.econbiz.de/10003776611
due to the fact that mortality rises with age and a large share of HCE is caused by proximity to death. As a consequence …, rising longevity - through falling mortality rates - may even reduce HCE. However, a weakness of previous empirical studies … over the period 1997-2009. Using (dynamic) panel data models, we find that age, mortality and five-year survival rates have …
Persistent link: https://www.econbiz.de/10009579344
analyze a large data set from the German public pension scheme on women who died between 1994 and 2005, employing both non …
Persistent link: https://www.econbiz.de/10009260329
How can public pension systems be reformed to ensure fiscal stability in the face of increasing life expectancy? To address this pressing open question in public finance, we estimate a life-cycle model in which the optimal employment, retirement and consumption decisions of forward-looking...
Persistent link: https://www.econbiz.de/10009487897
mortality risk to higher ages will not affect lifetime health care expenditures as death occurs only once in every life. We … life and for survivors, which we apply to the projections of the age structure and mortality rates for the German …
Persistent link: https://www.econbiz.de/10002390153