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Fungibility of money is a central principle in economics. It implies that any unit of money is substitutable for another and that the composition of income is irrelevant for consumption. We find in a field experiment that even in a simple, incentivized setup many subjects do not treat money as...
Persistent link: https://www.econbiz.de/10010268624
In Germany, employees are generally obliged to participate in the public health insurance system, where coverage is …
Persistent link: https://www.econbiz.de/10010269868
This paper uses both subjective well-being and survey experimental data to analyze how people's positional concerns regarding income and goods vary with age. The subjective well-being approach is mainly based on German panel data for the period 1984-2009 (German Socio-Economic Panel), while the...
Persistent link: https://www.econbiz.de/10010282219
In a recent paper Edward Lazear proposed the jack-of-all-trades view of entrepreneurship. Based on a coherent model of the choice between self-employment and paid employment he shows that having a background in a large number of different roles increases the probability of becoming an...
Persistent link: https://www.econbiz.de/10010261621
social norms. We describe a model, incorporating institutional features of the German labour market, which explicitly allows … for social custom effects in the determination of union membership. Using panel data for Germany, we find evidence for …
Persistent link: https://www.econbiz.de/10010261655
Using a large recent representative sample of the German population this paper contributes to the entrepreneurship literature by empirically testing the hypothesis that young and small firms are hothouses for nascent entrepreneurs. The empirical estimation takes the rare events nature of...
Persistent link: https://www.econbiz.de/10010261762
tracking. We calibrate the model for Germany and study how relative demand shifts toward more general skills and changes in the …
Persistent link: https://www.econbiz.de/10010261767
regional unemployment discourages women from entering the labor market. Those who are willing to work find it easier to do so …
Persistent link: https://www.econbiz.de/10010261801
Based on a large employer-employee matched data set, the paper investigates the effects of variable enforcement of German dismissal protection legislation on the employment dynamics in small establishments. Specifically, using a difference-in-differences approach, we study the effect of changes...
Persistent link: https://www.econbiz.de/10010261862
A key feature of the recent labor market reforms in Germany is liberalization of dismissal protection legislation. The …Die Lockerung des Kündigungsschutzes ist ein wesentliches Element der im Januar 2004 in Deutschland in Kraft gesetzten … paper discusses the potential labor market effects of this amendment. On the basis of the available theoretical and …
Persistent link: https://www.econbiz.de/10010261863