Generous income support programs as provided by European welfare states have often been blamed to reduce work incentives for lower income classes and to increase durations of unemployment. Standard studies measure work incentives based on annual income concepts. This paper analyzes how work...

Currently nearly half of people eligible for long-term care benefits in Germany are receiving informal care by family members. Accounting for the ongoing ageing process of society, an increasing labour participation rate of women and a rising part of old aged living alone, the question is if...

This article surveys the literature on selection effects in retirement behavior. More specifically, we consider early retirement schemes with actuarially fair adjustments based on average life expectancy. To this end, we recapitulate the theoretical literature on selection effects and resulting...

Generous income support programs as provided by European welfare states have often been blamed to hamper employment. This paper investigates the importance of incentives inherent in the tax-benefit system for the individual decision to take up work. Using German microdata over the period...

Using German panel data, we assess the causal effect of job loss, and thus of an extensive income shock, on risk attitude. In line with predictions of expected utility reasoning about absolute risk aversion, losing one´s job reduces the willingness to take risks. This effect strengthens in...

Due to its extraordinary explanatory power for individual behavior, the interest in the concept of locus of control (LOC) has increased substantially within applied economic research. But, even though LOC has been found to affect economic behavior in many ways, the reliability of these findings...

German panel data is used to show that the decrease in life satisfaction caused by an increase in the probability of losing work is higher when self-employed than when paid employed. Further estimations reveal that becoming unemployed reduces self-employed workers´ satisfaction considerably...

We employ German Sample Survey Income data to examine income inequality and the financial situation of elderly citizens for the period from 1978 to 2003, focussing on differences between retired and non-retired elderly and between elderly with residence in the Old and the New German Laender....

Die Zahl der professionell zu versorgenden Pflegefälle wird sich bis zum Jahr 2050 voraussichtlich um etwa 270 Prozent erhöhen. Diesem Anstieg der Pflegebedürftigen steht ein zu erwartender Rückgang der Erwerbspersonen um etwa 40 Prozent gegenüber. Unter Zugrundelegung eines...

Using microdata, i.e. representative samples of 114,403 German long-term care dependants (LTCDs) observed from 2000 to 2009 we give a comprehensive insight into the length of stay (LOS) in long-term care (LTC). Furthermore, this paper evaluates the effects of longevity on the LOS thus revisiting...