The article investigates the relationship between homeownership and life satisfaction in Germany, using German Socio-Economic Panel Study data from 1992 to 2009. The data not only allow controlling for a wide range of variables, but also tackle various measurement problems of previous studies. Ordered logit models support a positive relationship between homeownership and life satisfaction. In addition, ...
We study empirically whether there is scope for parents to shape the economic preferences and attitudes of their children through purposeful investments. We exploit information on the risk and trust attitudes of parents and their children, as well as rich information about parental efforts in the upbringing of their children from the German Socio-Economic Panel Study. Our results show that parents ...