Using data from national socio-economic panel surveys in Australia, Britain and Germany, this paper analyzes the effects of individual preferences and choices on subjective well-being (SWB). It is shown that, in all three countries, preferences and choices relating to life goals/values,...

There are strong two-way links between parent and child happiness (life satisfaction), even for ‘children’ who have grown up, moved to their own home and partnered themselves. German panel evidence shows that transmission of (un)happiness from parents to children is partly due to...

Most German economists show strong patterns of professional specialisation. In their work, they either focus on basic research or on policy consultancy. The evidence provided by Haucap und Mödl has been used to question work incentives in academia. The suggestion to change work incentives,...

The German government plans to introduce a minimum wage from 2015. This must be understood as a response to the decline in collective bargaining coverage and the marked increase in employment in the low-wage sector. The authors discuss how many workers are affected by this new regulation and...

The European Central Bank (ECB) recently announced its willingness to do whatever is needed to save the euro. This has raised the question whether such a role of the ECB must lead to higher rates of infl ation. Under current recessive macroeconomic conditions in the eurozone, the ECB’s...

Looking around the world, one realizes that national minimum wages are not uncommon. Yet it is still very difficult to estimate what effects a minimum wage might have in Germany. This is not just a question of how high the minimum wage should be — its impacts would also depend on many details...

Die unterschiedliche Entwicklung der Unternehmen in Ostdeutschland schlägt sich auch in der Entlohnung der Beschäftigten nieder. Neugegründete und schon frühzeitig privatisierte Unternehmen zahlen nicht nur höhere Effektivlöhne als Unternehmen, die noch unter Verwaltung der Treuhandanstalt...

ln der Bundesrepublik Deutschland ist der " Markt für Altenpflege" durch vielfältige Regulierungen gekennzeichnet, die privatwirtschaftliche Initiativen sowie eine bedarfsgerechte Anpassung von Angebot und Nachfrage behindern. Eine völlige De-Regulierung wäre der Humandienstleistung...