This documentation describes the data preparation of the new consumption module in the German Socio-Economic Panel Study (SOEP) and introduces the content and structure of the generated dataset "hconsum." In 2010, the SOEP for the first time included a detailed consumption module in the...

This paper analyses the long-memory properties of both the conditional mean and variance of UK real GDP over the period 1851-2013 by estimating a multivariate ARFIMA-FIGARCH model (with the unemployment rate and inflation as explanatory variables). The results suggest that this series is...

Using data from the long-running German Socio-Economic Panel (SOEP) 1984-2008, this paper analyses the effects of individual preferences and choices on subjective well-being (SWB). It is shown that preferences and choices relating to life goals/values, partner's personality, hours of work,...