Differences in individual wealth holdings are widely viewed as a driving force of economic inequality. However, as this finding relies on cross-section data, we may confuse older with wealthier. We propose a new method to adjust for age effects in cross-sections, which eliminates transitory...

Both health and income inequalities have been shown to be much greater in Britain than in Germany. One of the main reasons seems to be the difference in the relative position of the retired, who, in Britain, are much more concentrated in the lower income groups. Inequality analysis reveals that...

We use British and German panel data to analyse job changes involving a change in occupation. We assess: (1) the extent of occupational change, taking into account the possibility of measurement error in occupational codes; (2) whether job changes within the occupation differ from occupation...

Using data from the UK Community Life Survey, we present the first study to examine the relationship between heterogeneity in one's friendship network and subjective wellbeing. We measure network heterogeneity by the extent to which one's friends are similar to oneself with regard to ethnicity...

The use of GARCH models with stable Paretian innovations in financial modeling has been recently suggested in the literature. This class of processes is attractive because it allows for conditional skewness and leptokurtosis of financial returns without ruling out normality. This contribution...

This paper investigates how training firms retain their apprenticeship graduates if they are embedded in labor markets without the frictions that the new training literature considers to be essential for investments in general human capital. We hypothesize that performance pay schemes are an...

Recent studies focused on testing the Easterlin hypothesis (happiness and national income correlate in the cross-section but not over time) on a global level. We make a case for testing the Easterlin hypothesis at the country level where individual panel data allow exploiting important...

The purpose of this paper is to assess the determinants of female labour supply in science, technology, engineering and mathematics (STEM). Using data from the European Statistics on Income and Living Conditions (EU-SILC), the author finds that women in STEM work more hours, but have a higher...

Excessive alcohol consumption among youth and young adults is a major public health concern. On March 1, 2010 the German federal state of Baden-W rttemberg banned the sale of alcoholic beverages between 10pm and 5am in off-premise outlets (e.g. kiosks, petrol stations, supermarkets). We use rich...

We use a representative sample of German establishments to show that those with foreign ownership are more likely to use performance appraisal, profit sharing and employee share ownership than are those with domestic ownership. Moreover, we show that works councils are associated with an...