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Using data from national socio-economic panel surveys in Australia, Britain and Germany, this paper analyzes the … due to unmistakable evidence in the German Socio-Economic Panel that, during the last 25 years, over a third of the … precisely because it is purely a theory of stability. The paper is based on specially constructed panel survey files in which …
Persistent link: https://www.econbiz.de/10008859059
, nationally representative panel surveys in Australia, Britain and Germany. The models are based on a modified concept of Granger … encompass two-way causation and panel survey data. It transpires that our Granger-style models have satisfactory fits to the … panel data and are stable. Alternative models fit the data much less well. Substantively, we find that two-way causation is …
Persistent link: https://www.econbiz.de/10010440542
Using data from the long-running German Socio-Economic Panel (SOEP) 1984-2008, this paper analyses the effects of … ; individual choice ; panel regression analysis ; SOEP …
Persistent link: https://www.econbiz.de/10003971047
Using data from the long-running German Socio-Economic Panel (SOEP) 1984-2008, this paper analyses the effects of … ; individual choice ; panel regression analysis ; SOEP …
Persistent link: https://www.econbiz.de/10003966917
We study the relationship between overconfidence and the political and financial behavior of a nationally representative sample. Consistent with theoretical predictions, our findings indicate that excessive confidence in one's judgment is associated with lower portfolio diversification, greater...
Persistent link: https://www.econbiz.de/10015075012
This documentation describes the data preparation of the new consumption module in the German Socio-Economic Panel …
Persistent link: https://www.econbiz.de/10010188616
In this paper it is argued that subjective well-being of the individual depends on two types of variables. The first type consists of characteristics of the individual himself, such as age, health, income, etc. The second type of variables consists of the characteristics of the individuals...
Persistent link: https://www.econbiz.de/10003937883
We use novel nonparametric techniques to test for the presence of non-classical measurement error in reported life satisfaction (LS) and study the potential effects from ignoring it. Our dataset comes from Wave 3 of the UK Understanding Society that is surveyed from 35,000 British households....
Persistent link: https://www.econbiz.de/10012870547
In this paper it is argued that subjective well-being of the individual depends on two types of variables. The first type consists of characteristics of the individual himself, such as age, health, income, etc. The second type of variables consists of the characteristics of the individuals...
Persistent link: https://www.econbiz.de/10013148080
It is argued that the concept of well–being inequality cannot be properly defined without taking the referencing process into account. The reference effect depends on how frequently individuals compare with others and on the degree of social transparency in society. In this paper we employ the...
Persistent link: https://www.econbiz.de/10013316230