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This paper investigates the relationship between income satisfaction of adult children and their relative economic … status, using data from the German Socio-Economic Panel and income rank as an indicator of status. The results show that … children appear to compare their actual economic status with that of their parents, deriving large satisfaction gains from an …
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We use a UK employer-employee administrative earnings dataset to investigate the response of earnings and hours to business cycles. Exploiting our long panel of data from 1975 to 2020 we find wide heterogeneity in the exposure of different types of workers to aggregate shocks. Employees who are...
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This paper analyzes wage differences between natives and immigrants in Austria. First, we show that for both groups, literacy skills are an important determinant of the hourly wage. In the second step, we show that differences in proficiency with respect to literacy can explain more than three...
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