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Time-varying individual risk attitudes over the Great Recession: A comparison of Germany and Ukraine
Dohmen, Thomas; Lehmann, Hartmut; Pignatti, Norberto - 2015
We use the panel data of the German Socio-Economic Panel (SOEP) and of the Ukrainian Longitudinal Monitoring Survey (ULMS) to investigate whether risk attitudes have primary (exogenous) determinants that are valid in different stages of economic development and in a different structural context,...
Persistent link: https://www.econbiz.de/10011379815
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Risk Aversion and Reservation Wages
Pannenberg, Markus - 2007
This study examines the relationship between individual risk aversion and reservation wages using a novel set of direct measures of individual risk attitudes from the German Socio-Economic Panel (SOEP). We find that risk aversion has a significantly negative impact on the level of reservation...
Persistent link: https://www.econbiz.de/10011600669
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Benefit-Entitlement Effects and the Duration of Unemployment: An Ex-ante Evaluation of Recent Labour Market Reforms in Germany
Schmitz, Hendrik; Steiner, Viktor - 2007
system on the duration of unemployment in Germany on the basis of a flexible discrete-time hazard rate model estimated on pre … unemployment compensation on the duration of unemployment. Simulation results show that the recent labour market reform is unlikely … to have a major impact on the average duration of unemployment in the population as a whole, but will significantly …
Persistent link: https://www.econbiz.de/10011600692
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Do Reservation Wages Really Decline? Some International Evidence on the Determinants of Reservation Wages
Addison, John T.; Centeno, Mário; Portugal, Pedro - 2008
Using cross-country data, we investigate the determinants of reservation wages and their course over the jobless spell. Higher unemployment benefits lead to higher reservation wages. Further, again consistent with the basic search model, repeated observations on the same individual provide scant...
Persistent link: https://www.econbiz.de/10011600731
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Income in jeopardy: How losing employment affects the willingness to take risks
Hetschko, Clemens; Preuss, Malte - 2015
Using German panel data, we assess the causal effect of job loss, and thus of an extensive income shock, on risk attitude. In line with predictions of expected utility reasoning about absolute risk aversion, losing one's job reduces the willingness to take risks. This effect strengthens in...
Persistent link: https://www.econbiz.de/10011443148
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Does parental unemployment affect the quality of their children's first job?
Kleverbeck, Maria; Kind, Michael - 2016
In this paper the relationship between parental unemployment at time of children's labor market entrance on the quality of their children's first job is analyzed. Using data from the German Socio-Economic Panel (SOEP) for the years 1991-2012 the quality of the first job in terms of wage,...
Persistent link: https://www.econbiz.de/10011454476
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Income or leisure? On the hidden benefits of (un-)employment
Chadi, Adrian; Hetschko, Clemens - 2017
We study the usually assumed trade-off between income and leisure in labor supply decisions using comprehensive German panel data. We compare non-employed individuals after plant closures with employed people regarding both income and time use as well as their subjective perceptions of these two...
Persistent link: https://www.econbiz.de/10011719306
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Biased by success and failure: How unemployment shapes stated locus of control
Preuss, Malte; Hennecke, Juliane - 2017
unemployment only and not heterogeneous with respect to individual characteristics or unemployment duration, we conclude that only …
Persistent link: https://www.econbiz.de/10011776431
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Do Reservation Wages Really Decline?: Some International Evidence on the Determinants of Reservation Wages
Addison, John T.; Centeno, Mário; Portugal, Pedro - Forschungsbasierte Infrastruktureinrichtung … - 2008
Using cross-country data, we investigate the determinants of reservation wages and their course over the jobless spell. Higher unemployment benefits lead to higher reservation wages. Further, again consistent with the basic search model, repeated observations on the same individual provide scant...
Persistent link: https://www.econbiz.de/10005017390
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Benefit-Entitlement Effects and the Duration of Unemployment: An Ex-ante Evaluation of Recent Labour Market Reforms in Germany
Schmitz, Hendrik; Steiner, Viktor - Forschungsbasierte Infrastruktureinrichtung … - 2007
system on the duration of unemployment in Germany on the basis of a flexible discrete-time hazard rate model estimated on pre … unemployment compensation on the duration of unemployment. Simulation results show that the recent labour market reform is unlikely … to have a major impact on the average duration of unemployment in the population as a whole, but will significantly …
Persistent link: https://www.econbiz.de/10005017406