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Money Doesn?t Buy Happiness ... Or Does It? : A Reconsideration Based on the Combined Effects of Wealth, Income and Consumption
Headey, Bruce; Muffels, Ruud; Wooden, Mark - 2004
The accepted view among psychologists and economists alike is that economic well-being has a statistically significant but only weak effect on happiness/subjective well-being (SWB). This view is based almost entirely on weak relationships with household income. The paper uses household economic...
Persistent link: https://www.econbiz.de/10010261968
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Intra-household time allocation: gender differences in caring for children
Garcia, Inmaculada; Molina, José Alberto; Montuenga, … - 2009
This paper analyses the intra-household allocation of time to show gender differences in childcare. In the framework of a general efficiency approach, hours spent on childcare by each parent are regressed against individual and household characteristics, for five samples (Denmark, France,...
Persistent link: https://www.econbiz.de/10010275884
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Unobserved heterogeneity and risk in wage variance: Does schooling provide earnings insurance?
Mazza, Jacopo; van Ophem, Hans; Hartog, Joop - 2011
We apply a recently proposed method to disentangle unobserved heterogeneity from risk in returns to education. We replicate the original study on US men and extend to US women, UK men and German men. Most original results are not robust. A college education cannot universally be considered an...
Persistent link: https://www.econbiz.de/10010278739
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Estimating the impact of immigrants on the host country social security system when return migration is an endogenous choice
Kirdar, Murat G. - 2010
In this paper, I estimate the fiscal impact of immigrants on the German pension insurance (PI) and unemployment insurance (UI) systems when return migration is an endogenous choice. For this purpose, I develop a dynamic stochastic model of joint return migration and saving decisions that...
Persistent link: https://www.econbiz.de/10010269880
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O brother, where art thou? The effects of having a sibling on geographic mobility and labor market outcomes
Rainer, Helmut; Siedler, Thomas - 2005
In most industrialized countries, more people than ever are having to cope with the burden of caring for elderly parents. This paper formulates a model to explain how parental care responsibilities and family structure interact children's mobility characteristics. A key insight we obtain is that...
Persistent link: https://www.econbiz.de/10010267418
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Will it Last? An Assessment of the 2001 German Pension Reform
Bonin, Holger - 2001
, necessary beyond 2025. As the enacted savings rate target is conservative, individual pensions keep retirement income sufficient …In May 2001, Germany adopted a fundamental pension reform cutting back public pensions and introducing personal pension … moderate economic conditions. However, the new private pension plans provide scope for further downsizing state pensions …
Persistent link: https://www.econbiz.de/10010262550
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Do wealthier households save more? The impact of the demographic factor
Belke, Ansgar; Dreger, Christian; Ochmann, Richard - 2012
the savings rate is not homogeneous. On average, the effect attributed to real estate dominates the other components of … wealth. In addition, the savings rate strongly responds to demographic trends. Besides the direct impact of the age structure …, an indirect effect arises through the accumulation of wealth. The savings rate does not decrease with age in a monotonic …
Persistent link: https://www.econbiz.de/10010282619
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Analytical Prediction of Transitions Probabilities in the Conditional Logit Model
Bonin, Holger; Schneider, Hilmar - 2004
The paper derives analytical transitions probabilities following an exogenous shock to the deterministic component in the conditional logit model. The solution draws on the postestimation distribution of the models stochastic component, identified on the basis of a direct utility maximization...
Persistent link: https://www.econbiz.de/10010261783
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The Excess Demand for Subsidized Child Care in Germany
Wrohlich, Katharina - 2005
The extension of subsidized child care is currently on top of the political agenda in Germany. In this paper the excess demand for subsidized child care slots is estimated using a partial observability model in the style of Abowd and Farber (1982). The results show that more than 50 percent of...
Persistent link: https://www.econbiz.de/10010262226
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Immigration Labor and Workplace Safety
Bauer, Thomas K.; Million, Andreas; Rotte, Ralph; … - 1998
Using standard as well as recently developed univariate and bivariate count data models, this paper analyzes the determinants of workplace accidents using a firm data set for Germany. Given the tight system of public workplace safety regulation, introduced partly as early as in 1869, and the...
Persistent link: https://www.econbiz.de/10010262262