While inequality of opportunity (IOp) in earnings is well studied, the literature on IOp in individual net wealth is scarce to non-existent. This is problematic because both theoretical and empirical evidence show that the position in the wealth and income distribution can significantly diverge....

While inequality of opportunity (IOp) in earnings is well studied, the literature on IOp in individual net wealth is scarce to non-existent. This is problematic because both theoretical and empirical evidence show that the position in the wealth and income distribution can significantly diverge....

We describe the joint permanent health distribution of parents and children in Germany using 25 years of data from the Socio-Economic Panel. We derive three main results: First, a ten percentile increase in parental permanent health is associated with a 2.3 percentile increase in their child's...

We describe the joint permanent health distribution of parents and children in Germany using 25 years of data from the Socio-Economic Panel. We derive three main results: First, a ten percentile increase in parental permanent health is associated with a 2.3 percentile increase in their child's...

Das subjektive Wohlbefinden ist ein wesentlicher Bestandteil der Lebensqualität und Gesundheit einer Gesellschaft. Studien zeigen, dass zufriedenere Menschen bessere soziale Beziehungen führen, produktiver sind und eine längere Lebenserwartung haben. Infolge der Debatte über die Eignung des...

Subjective well-being is essential for both quality of life and a healthy society. Studies have shown that satisfied people have better relationships, are more productive, and have a longer life expectancy. General life satisfaction is being discussed as an alternative measure of prosperity...

Das subjektive Wohlbefinden ist ein wesentlicher Bestandteil der Lebensqualität und Gesundheit einer Gesellschaft. Studien zeigen, dass zufriedenere Menschen bessere soziale Beziehungen führen, produktiver sind und eine längere Lebenserwartung haben. Infolge der Debatte über die Eignung des...

Subjective well-being is essential for both quality of life and a healthy society. Studies have shown that satisfied people have better relationships, are more productive, and have a longer life expectancy. General life satisfaction is being discussed as an alternative measure of prosperity...

We provide a concise introduction to a household-panel data infrastructure that provides the international research community with longitudinal data of private households in Germany since 1984: the German Socio-Economic Panel (SOEP). We demonstrate the comparative strength of the SOEP data in...

We solve the problem of a social planner who seeks to minimize inequality via transfers with a fixed public budget in a distribution of exogenously given incomes. The appropriate solution method depends on the objective function: If it is convex, as in the case of the absolute mean deviation, it...