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This paper explores the effect of COVID-19 infection rates on individuals’ risk preferences using the Socio-Economic Panel (SOEP). Findings show that the spread of COVID-19 does not significantly alter risk preferences. While we do find that individuals with prior cardiovascular diseases reduce their preference for risk-taking, this zero effect is remarkably stable across subgroups of the population. ...
2024,
(SSRN Working Paper)
| Daniel Graeber, Ulrich Schmidt, Carsten Schröder, Johannes Seebauer
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Several vaccines against COVID-19 have now been developed and are already being rolled out around the world. The decision whether or not to get vaccinated has so far been left to the individual citizens. However, there are good reasons, both in theory as well as in practice, to believe that the willingness to get vaccinated might not be sufficiently high to achieve herd immunity. A policy of mandatory ...
In:
PLOS ONE
16 (2021), 5, e0248372
| Daniel Graeber, Christoph Schmidt-Petri, Carsten Schröder
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We evaluate two variants of a school-based, intensive learning camp for pupils who are assessed 'not ready' for further education after compulsory school, using a stratified cluster randomized trial involving 15,559 pupils in 264 schools in Denmark. Next to training pupils in Danish and mathematics, the main variant targets non-cognitive skills, while the alternative variant instead uses ...
Bonn:
Institute of Labor Economics (IZA),
2020,
(IZA DP No. 13771)
| Charlotte Hvidman, Alexander Koch, Julia Nafziger, Søren A. Nielsen, Michael Rosholm
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There has been explosive growth in the analysis of subjective well-being in Economics over the past 40 years. This article reviews some of this growth, and suggests a number of domains in which future research may proceed.
In:
Review of Income and Wealth
64 (2018), 2, 245-269
| Andrew E. Clark
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This paper investigates the effects of comparison pay on job and life satisfaction with longitudinal survey data from Germany. I use linear fixed effects models to account for unobserved heterogeneity and define the reference groups as individuals within the same occupation and industry. Men and women are expected to behave differently to comparison pay and are therefore investigated separately. Additionally, ...
In:
Journal of Happiness Studies
20 (2019), 1, 67-80
| Matthias Collischon
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In this article we compare solo self-employment in Germany and the Netherlands. We identify parallels and differences in the structure of solo self-employment and examine to what extent self-employment is related to a precarious situation in terms of earnings and social security. The results show that solo self-employed workers are relatively vulnerable in terms of income and disability insurance in ...
In:
Journal of Poverty and Social Justice
27 (2019), 2, 177-197
| Wieteke Conen, Karin Schulze Buschoff
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We examine the complex relationship between money and happiness. We find that both permanent income and wealth are better predictors of life satisfaction than current income and wealth. They matter not only in absolute terms but also in comparative terms. However, their relative impacts differ. The first exerts a comparison effect—the higher the permanent income of the reference group, the lower life ...
In:
Social Indicators Research
148 (2020), 1, 47-66
| Conchita D'Ambrosio, Markus Jäntti, Anthony Lepinteur
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We consider a model in which a principal may delegate the choice of a project to a better informed agent. The preferences of the agent and the principal about which project should be undertaken may be discordant. Moreover, the agent benefits from being granted more discretion in the project choice and may be motivated by reciprocity. We find that the relationship between the agent’s reciprocity and ...
In:
Journal of Law, Economics, and Organization
35 (2019), 3, 651-695
| Alessandro De Chiara, Ester Manna
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Using large-scale data from the German Socio-Economic Panel (SOEP), this paper finds that financial professionals have a lower prosociality and riskier behavior than a control group. I interpret these findings using the person-organization fit theory, and thus, the compatibility between the employee’s personality and the prevailing culture in their organization. The financial sector attracts riskier individuals, ...
Berlin:
DIW Berlin,
2020,
(SOEPpapers 1075)
| Max Deter
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We investigate the wage, employment, and reallocation effects of the introduction of a nationwide minimum wage in Germany that affected 15% of all employees. Based on identification designs that exploit variation in exposure across individuals and local areas, we find that the minimum wage raised wages but did not lower employment. It also led to the reallocation of low-wage workers from smaller to ...
In:
The Quarterly Journal of Economics
137 (2022), 1, 267–328
| Christian Dustmann, Attila Lindner, Uta Schönberg, Matthias Umkehrer, Philipp vom Berge