Typically, laboratory experiments suffer from homogeneous subject pools and selfselection biases. The usefulness of survey data is limited by measurement error and by the questionability of their behavioral relevance. Here we present a method integrating interactive experiments and...

An unexpected increase in life expectancy has implications for private pensions (annuities). These can be offset by reducing pension payments, cross-subsidization of the pension payments, risk-taking of insurance companies or combining these policies. An empirical study of the German market of...

To the best of our knowledge, most of the few methodological studies which analyze the impact of faked interviews on survey results are based on "artificial fakes" generated by project students in a "laboratory environment". In contrast, panel data provide a unique opportunity to identify data...

The positive effects of early childhood programs on children's school success have been demonstrated in the literature. However, most studies were completed in the U.S.A., where early childhood programs vary widely, based on differing auspice, regulation, cost, and other factors. In European...

Overall, children in Germany live in households with below average incomes; therefore social policies that address the vulnerable position of Germany's children are necessary. These policies should cover targeted financial transfers as well as improvements in day care provision for children....

There are strong two-way links between parent and child happiness (life satisfaction), even for 'children' who have grown up, moved to their own home and partnered themselves. German panel evidence shows that transmission of (un)happiness from parents to children is partly due to transmission of...