Showing 1 - 10 of 110
This paper asks whether the gap in subjective happiness between spouses matters per se, i.e. whether it predicts … household. The relation between happiness gaps and divorce may be due to the fact that couples which are unable to transfer … utility are more at risk than others. It may also be the case that assortative mating in terms of happiness baseline …
Persistent link: https://www.econbiz.de/10013148706
to neighbours has a negative coefficient, implying that living in a high-income neighbourhood increases happiness. The …
Persistent link: https://www.econbiz.de/10014203865
I propose two new tests of Falk and Knell’s (2004) prediction that individuals’ reference income increases with ability. To overcome the difficulty that the reference income is not observed in existing large data sets, I extend Falk and Knell’s model to establish a link between...
Persistent link: https://www.econbiz.de/10014198764
The aim of this paper is to apply recently proposed individual welfare measures in the context of random utility models of labour supply. Contrary to the standard practice of using reference preferences and wages, these measures preserve preference heterogeneity in the normative step of the...
Persistent link: https://www.econbiz.de/10014187330
Subjective well-being (SWB) is generally argued to rise with relative income. However, direct evidence is scarce on whether and how intensively individuals undertake income comparisons, to whom they relate, and what they perceive their relative income to be. In this paper, novel data with direct...
Persistent link: https://www.econbiz.de/10013083124
This paper employs a multidimensional approach for the measurement of well-being at the top of the distribution using German SOEP micro data. Besides income as traditional indicator for material well-being, we include health as a proxy for nonmaterial quality of life as well as self-reported...
Persistent link: https://www.econbiz.de/10014174072
In 2001, the voluntary additional Riester pension scheme was implemented in Germany. Financial subsidies should incentivize people to increase their private pension savings. In this paper, we hypothesize that these publicly subsidized savings mainly replace existing not subsidized savings and...
Persistent link: https://www.econbiz.de/10013131635
We suggest the first large-scale international comparison of labor supply elasticities for 17 European countries and the US, separately by gender and marital status. Measurement differences are netted out by using a harmonized empirical approach and comparable data sources. We find that own-wage...
Persistent link: https://www.econbiz.de/10013088891
The German Child Benefit ("Kindergeld") is paid to legal guardians of children as a cash benefit. This study employs exogenous variations in the amount of child benefit received by households to investigate the extent to which these various changes have translated into an improvement in the...
Persistent link: https://www.econbiz.de/10013088896
Generous income support programs as provided by European welfare states have often been blamed to reduce work incentives for the low-skilled and to increase durations of unemployment. Standard studies measure work incentives based on annual income concepts. This paper analyzes work incentives...
Persistent link: https://www.econbiz.de/10013071950