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analysing the trends in absolute and relative intergenerational labour income mobility for Germany and the US. High quality … panel data is used for this purpose; the SOEP for Germany and the PSID for the US. In Germany, 67 per cent of sons born … 48 per cent in the 1971-75 birth cohort, while it almost did not change in Germany. Overall, absolute but also relative …
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Innovation and technological progress are the key determinants of long-run economic growth and welfare. Therefore, an important question is, how can public policy encourage more innovation? In this chapter, I review some of the empirical findings from various recent studies on innovation and...
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It has been shown that a person's relative income - compared to a reference group - has a negative impact on self-reported happiness. This suggests that people who aim at increasing their happiness should try to find a better-paid job if their relative income is low. In this paper we study this...
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Germany. The data show a sharp increase of wage inequality which exceeds the size observed for natives. The decomposition …
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