Complementing prior research on income mobility and educational transmission, we provide evidence on the intergenerational transmission of cognitive abilities using data from the German Socio-Economic Panel Study. Our estimates suggest that individuals' cognitive skills are positively related to the abilities of their parents, even when educational attainment and family background is controlled for. ...
To measure income inequality with right censored (topcoded) data, we propose multiple imputation for censored observations using draws from Generalized Beta of the Second Kind distributions to provide partially synthetic datasets analyzed using complete data methods. Estimation and inference uses Reiter's (Survey Methodology 2003) formulae. Using Current Population Survey (CPS) internal data, we find ...
2009| Stephen P. Jenkins, Richard V. Burkhauser, Shuaizhang Feng, Jeff Larrimore
Using representative income and time use-data from the German Socio-Economic Panel (SOEP), we estimate non-monetary income advantages arising from home production and analyse their impact on economic inequality. As an alternative to existing measures, we propose a predicted wage approach based on a bias-adjusted measure of hours spent on home production. Sensitivity analyses comparing results obtained ...
2009| Joachim R. Frick, Markus M. Grabka, Olaf Groh-Samberg
We use newly available data from Germany to study the relationship between parental income and child health. We find a strong gradient between parental income and subjective child health as has been documented earlier in the US, Canada and the UK. The relationship in Germany is about as strong in the US and stronger than in theUK. However, in contrast to US results, we do not find that the disadvantages ...
Individual net wealth in Germany totaled an average of around 88,000 Euros at the beginning of 2007 which was about 10 percent higher than in 2002. Decisive for this development was an increase in monetary wealth as well as wealth from private insurance. In connection with the overall quite unequal division of wealth, the median i.e., the value which separates the richest 50 per cent of the population ...
In several OECD countries, public pay-as-you-go financed pension systems have undergone major reforms in which future retirement benefit promises have been scaled down. A consequence of these reforms is that especially in countries with a tight tax-benefit linkage, the retirement benefit claims of low-income workers might not even exceed the minimum income guarantee which the government provides the ...