Wealth in addition to income determines to a large degree an individual’s consumption opportunities and economic … satisfaction as an indicator of subjective well being and households’ wealth. We contribute to the scarce literature on wealth and … well-being using micro-data from the German wealth survey, Panel on Household Finances - PHF, for 2010 and 2014. Using …

syndrome. Furthermore, the analysis considers the role of two key economic variables: consumption and leisure via the standard … disposable income and a gain of leisure time - and the psychological (and cultural) notion of the lonely, sad empty nester. This …

income, time-stable individual traits, employment biographies and local labor market effects.Given a broad set of further …

We reexamine the claim that the effect of income on subjective well-being suffers from a systematic downward bias if … one ignores that higher income is typically associated with more work effort. We analyze this claim using German panel … do not find evidence that leaving working hours out of the analysis leads to an underestimation of the income effect …

As the importance of capital is resurging in rich countries, the dynamics of wealth inequality are being increasingly … affected by inheritance distribution. The relative attraction derived from inherited wealth and acquired human capital in … marital choices may be undergoing change. We expand the traditional dimension of assortative mating through labor income only …

We extend the canonical income process with persistent and transitory risk to shock distributions with left …-skewness and excess kurtosis, to which we refer as higher-order risk. We estimate our extended income process by GMM for household …

equivalent household income. Permanent and transitory variances of male income over the period 1984-2008 are estimated for Old … German Laender in order to determine their importance to income dynamics. To uncover the role of the welfare state in … smoothening earnings shocks we compute different income concepts reaching from gross earnings to net equivalent household income …

We provide a comprehensive analysis of income inequality and income dynamics for Germany over the last two decades …. Combining personal income tax and social security data allows us – for the first time – to offer a complete picture of the … German labor market and increasing labor supply. In the second part of the paper, we study the distribution of total income …