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Using the 2015 introduction of a statutory minimum wage in Germany as a quasi-experiment, I investigate the effects of wage increases on personality. The degree to which each worker's wage is intended to be affected by the reform is used as an instrument for the relative increase in the worker's...
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-specific quality indicators, namely income distribution, quality of education and healthy life expectancy. This paper also introduces …
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We study the risk exposure of liquidity portfolios to labor income and consumption risk in the long run using a dynamic … willing to pay price premium for liquid stocks because these stocks provide a good hedge against labor income risk and long ….67% per annum, with about 70% attributed to compensation for labor income risk and 30% to consumption risk in the long run …
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with income growth, smoking, and obesity, suggesting that the genetic component of savings behavior reflects genetic …
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