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-) indebtedness which relate household income and debt services to different concepts of subsistence levels, this paper investigates … are likely to cause severe household indebtedness. Unemployment also worsens the relative debt situation mainly due to the …
Persistent link: https://www.econbiz.de/10011600882
employed individuals, and (c) lagged debt variables to rule out problems of reverse causality. We apply different measures of … precarious debt situation). We find all debt measures to be strongly correlated with health satisfaction, mental health, and … obesity. Controlling for unobserved heterogeneity and reversed causality we find evidence that household debt also causally …
Persistent link: https://www.econbiz.de/10011600992
employed individuals, and (c) lagged debt variables to rule out problems of reverse causality. We apply different measures of … precarious debt situation). We find all debt measures to be strongly correlated with health satisfaction, mental health, and … obesity. Controlling for unobserved heterogeneity and reversed causality we find evidence that household debt also causally …
Persistent link: https://www.econbiz.de/10008788719
-) indebtedness which relate household income and debt services to different concepts of subsistence levels, this paper investigates … are likely to cause severe household indebtedness. Unemployment also worsens the relative debt situation mainly due to the …
Persistent link: https://www.econbiz.de/10008469700
This paper proposes a dynamic life cycle model of health risks, employment, early retirement, and wealth accumulation in order to analyze the health-related risks of consumption and old age poverty. In particular, the model includes a health process, the interaction between health and employment...
Persistent link: https://www.econbiz.de/10010896267
This paper proposes a dynamic life cycle model of health risks, employment, early retirement, and wealth accumulation in order to analyze the health-related risks of consumption and old age poverty. In particular, the model includes a health process, the interaction between health and employment...
Persistent link: https://www.econbiz.de/10010322349
There is growing interest in understanding how gender influences the accumulation of wealth. While prior studies focused on labor-related determinants, our research focuses on inheritances and gifts. Using unique survey data that oversamples the top 1% of wealth holders in Germany, we show that...
Persistent link: https://www.econbiz.de/10015189348
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...
Persistent link: https://www.econbiz.de/10013347613
German history over the past 125 years has been turbulent. Marked by two world wars, revolutions and major regime changes, as well as a hyperinflation and three currency reforms, expropriations and territorial divisions, it provides unique insights into the role of country-specific shocks in...
Persistent link: https://www.econbiz.de/10013373186
Drawing on the distinction between envy and signaling effects in income comparison, this paper uses 307,465 observations for subjective well-being and its covariates from Germany, 1990-2009, to study whether the nature of income comparison has changed in the process of economic development, and...
Persistent link: https://www.econbiz.de/10010313028