Showing 81 - 90 of 167
This paper examines to what extent non-random sorting of spouses affects earnings inequality while explicitly … inequality has been underestimated in previous approaches. Predicting hours worked for hypothetical couples reveals a strong … disequalizing impact of nonrandom sorting on inequality which is stable since the 1980s. Taking labor supply choices as given would …
Persistent link: https://www.econbiz.de/10010421054
We discuss and compare five measures of individual well-being, namely income, an objective composite well-being index, a measure of subjective well-being, equivalent income, and a well-being measure based on the von Neumann-Morgenstern utilities of the individuals. After examining the...
Persistent link: https://www.econbiz.de/10010464358
This paper presents detailed evidence about who compares to whom in terms of relative income. We rely on representative survey data on the importance of income comparisons vis-a-vis seven reference groups, allowing us to exploit within-subject heterogeneity. We explore the prevalence and...
Persistent link: https://www.econbiz.de/10010464365
This paper compiles a multidimensional poverty index for Germany. Drawing on the capability approach as conceptual framework, I apply the Alkire-Foster method using German panel data. I suggest new operationalizations for two dimensions: social participation and practical reason, the latter...
Persistent link: https://www.econbiz.de/10010500138
Who is most likely to change their risk preferences over the lifecourse? Using German nationally representative survey data and methods to separate age from cohort effects, we estimate the lifecycle patterns in the socioeconomic gradient of self-reported risk preferences. Tolerance to risk drops...
Persistent link: https://www.econbiz.de/10010504529
on affordability measure has little overlap with the existing literature on poverty measurement. A comprehensive …
Persistent link: https://www.econbiz.de/10010504532
Redistribution across individuals in a one-year-period framework is an empirically intensely studied question. However, a substantial share of annual redistribution might turn out to serve individual insurance in a longer perspective. In particular, public pensions, that smooth incomes over the...
Persistent link: https://www.econbiz.de/10011912135
We propose a social welfare function to evaluate a profile of income streams and compare the welfare gain of the actual profile relative to the income profile where the individual receives his first period income in each period. We derive necessary and sufficient conditions for the welfare gain...
Persistent link: https://www.econbiz.de/10011919657
This paper proposes a measure for deprivation in social participation, an important but so far neglected dimension of human well-being. Operationalisation and empirical implementation of the measure are conceptually guided by the capability approach. Essentially, the paper argues that...
Persistent link: https://www.econbiz.de/10011957002
The ability-to-pay approach assesses taxes paid as a sacrifice by the taxpayers. This raises the question of how to define and how to measure it: in absolute, relative, or marginal terms? U.S. respondents prefer a tax schedule that is either a pure (absolute) Equal Sacrifice or a mixture of...
Persistent link: https://www.econbiz.de/10011960823