We use industry-level data for OECD countries and investigate the importance of horizontal and vertical spillovers from multinationals. There is evidence for spillovers through backward linkages for all countries. This effect is much higher for CEEC than other OECD countries.

The paper assesses perceived job insecurity as a determinant of current subjective well-being and demonstrates that standard models may yield significantly downward biased estimates.

Using probabilistic expectations data from the German Socio-Economic Panel, we establish a link between self-reported expectations of occupational mobility and preferences for redistribution. Our results provide new evidence on the validity of the "prospect of upward mobility" hypothesis.