Research on the consequences of income inequality on subjective well-being has yielded mixed results, including a lack of a statistically significant correlation. We propose that this inconsistency may arise from the failure to differentiate between perceived and actual income inequality....

Do changes in public infrastructure impact voter turnout? After reunification numerous high schools have been closed in East Germany. Difference-in-differences estimations show that high school closures between 1992 and 2010 triggered a decline in voter turnout in the following state election,...

We examine financial literacy in Germany and its relevance for financial wellbeing. Using data from the Panel on Household Finances collected in 2021, we show that about 62% of German households answer the Big Three financial literacy questions correctly. Those with lower education, who are out...