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So far so good : age, happiness, and relative income

FitzRoy, Felix R.; Nolan, Michael A.; Steinhardt, Max … - 2011

In a simple 2-period model of relative income under uncertainty, higher comparison income for the younger cohort can signal higher or lower expected lifetime relative income, and hence either increase or decrease well-being. With data from the German Socio-Economic Panel and the British...

Persistent link: https://www.econbiz.de/10009389096

Predicting the trend of well-being in Germany : how much do comparisons, adaptation and sociability matter?

Bartolini, Stefano; Bilancini, Ennio; Sarracino, Francesco - 2011

Using longitudinal data from the German Socio-Economic Panel, we estimate the variation of subjective well-being experienced by Germans over the last two decades testing the role of some of the major correlates of people's well-being. Our results suggest that the variation of Germans' well-being...

Persistent link: https://www.econbiz.de/10009389112

Heterogeneity in the relationship between happiness and age : evidence from the German socio-economic panel

Baetschmann, Gregori - 2012

This paper studies the evolution of life satisfaction over the life course in Germany. It clarifies the causal interpretation of the econometric model by discussing the choice of control variables and the underidentification between age, cohort and time effects. The empirical part analyzes the...

Persistent link: https://www.econbiz.de/10009614021

Instrumental Variable Estimation of the Causal Effect of Hunger Early in Life on Health Later in Life

Berg, Gerard J. van den; Pinger, Pia; Schoch, Johannes - 2014

We estimate average causal effects of early-life hunger on late-life health by applying instrumental variable estimation, using data with self-reported periods of hunger earlier in life, with famines as instruments. The data contain samples from European countries and include birth cohorts...

Persistent link: https://www.econbiz.de/10010462244

Age, Life-Satisfaction, and Relative Income : Insights from the UK and Germany

Fitzroy, Felix R. - 2011

We first confirm previous results with the German Socio-Economic Panel by Layard, et al. (2010), and obtain strong negative effects of comparison income. However, when we split the sample by age, we find quite different results for reference income. The effects on life-satisfaction are positive...

Persistent link: https://www.econbiz.de/10013119018

Is Innovative Firm Behavior Correlated with Age and Gender Composition of the Workforce? Evidence from a New Type of Data for German Enterprises

Pfeifer, Christian - 2012

This empirical research note documents the relationship between composition of a firm's workforce (with a special focus on age and gender) and its performance with respect to innovative activities (outlays and employment in research and development (R&D)) for a large representative sample of...

Persistent link: https://www.econbiz.de/10013096452

Base Salaries, Bonus Payments, and Work Absence Among Managers in a German Company

Pfeifer, Christian - 2013

Questions about compensation structures and incentive effects of pay-for-performance components are important for firms' Human Resource Management as well as for economics in general and labor economics in particular. This paper provides scarce insider econometric evidence on the structure and...

Persistent link: https://www.econbiz.de/10013089005

Instrumental Variable Estimation of the Causal Effect of Hunger Early in Life on Health Later in Life

van den Berg, Gerard J. - 2014

Numerous studies have evaluated the effect of nutrition early in life on health much later in life by comparing individuals born during a famine to others. Nutritional intake is typically unobserved and endogenous, whereas famines arguably provide exogenous variation in the provision of...

Persistent link: https://www.econbiz.de/10013067086

The Effects of Stepwise Minimum Legal Drinking Age Legislation on Mortality : Evidence from Germany

Kamalow, Raffael - 2019

This study investigates the short-term mortality effects of two age-based restrictions on legal access to alcohol in … Germany. We exploit sharp differences in legal access to alcohol at 16 and 18 years by implementing a regression discontinuity …", whereas legal access to alcohol plays a marginal role at most. Overall, our results indicate that a stepwise introduction to …

Persistent link: https://www.econbiz.de/10012867140

Cross-National Differences in Wealth Portfolios at the Intensive Margin : Is There a Role for Policy?

Doorley, Karina - 2014

Using harmonized wealth data and a novel decomposition approach in this literature, we show that cohort effects exist in the income profiles of asset and debt portfolios for a sample of European countries, the U.S. and Canada. We find that the association between household wealth portfolios at...

Persistent link: https://www.econbiz.de/10013050635