Die Legitimität von Ungleichheit in der Einkommensverteilung basiert in Marktökonomien auf den Annahmen einer Dominanz individueller Leistungskomponenten für die Einkommenshöhe und der unterstellten Existenz von Chancengleichheit.Die Überprüfung der empirischen Relevanz dieser Annahmen...

Die Legitimität von Ungleichheit in der Einkommensverteilung basiert in Marktökonomien auf den Annahmen einer Dominanz individueller Leistungskomponenten für die Einkommenshöhe und der unterstellten Existenz von Chancengleichheit.Die Überprüfung der empirischen Relevanz dieser Annahmen...

This study investigates the determinants of life satisfaction among the oldest-old (i.e. individuals aged 80 or over) in China. We use the 2011/2012 Chinese Longitudinal Healthy Longevity Survey data (n = 6530) for this paper. Logistic regression is used to analyse the effects of...

Hosting the Olympic Games costs billions of taxpayer dollars. Following a quasi- experimental setting, this paper assesses the intangible impact of the London 2012 Olympics, using a novel panel of 26,000 residents in London, Paris, and Berlin during the summers of 2011, 2012, and 2013. We show...

We investigate the effect of neighbourhood deprivation on individual subjective and objective wellbeing for England and Wales. Our identification strategy combines rich longitudinal information on individual characteristics, family background and initial job conditions with panel data estimators...

Hosting the Olympic Games costs billions of taxpayer dollars. Following a quasi-experimental setting, this paper assesses the intangible impact of the London 2012 Olympics, using a novel panel of 26,000 residents in London, Paris, and Berlin during the summers of 2011, 2012, and 2013. We show...

In the most rational sense, the pursuit of happiness is the end goal of all our actions. Utility, a word used extensively by economists, can be understood as a synonym for life satisfaction or happiness. Industrial societies and contemporary economics have overemphasized the role income plays in...

We argue that inter-country comparisons of income poverty based on poverty lines uniformly reflecting the costs of the basic requirements of human beings are superior to the existing money-metric approaches. In this exercise, we implement a uniform approach to poverty assessment based on basic...

The legitimacy of inequality concerning the income distribution in market economies is based on the assumption of a dominant individual performance and the assumed existence of equal chances. To test the empirical relevance of this assumption requires the analysis of the determinants of the...

This paper investigates if the euro's effect on euro-area trade differs across trade sectors and across country pairs, and to what degree heterogeneity matters for estimating the aggregate euro effect. Time-varying latent variables, which are specific to each sector in each country pair, control...