Stability and change are essential elements of social reality and economic progress. Cross-sectional surveys are a means of providing information on specific issues at a particular point in time, though without providing any information about the prevailing stability. Limited information on...

The analysis uses seven waves from the German Panel Study Labor Market and Social Security (PASS) covering the period from 2006 to 2013. During the observation period, Germany experienced a significant increase in average real incomes and employment, accompanied by a decrease of absolute income...