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Identifying Idiosyncratic Career Taste and Skill with Income Risk
Career choice Idiosyncratic taste and skill Income risk Occupational choice
2016/3/18
How important to well-being is choosing a career with the right fit? This question is difficult to answer because we observe individuals only in their chosen careers, not in the other (presumably infe...
Age, Life-Satisfaction, and Relative Income: Insights from the UK and Germany
subjective life-satisfaction comparison income reference groups age welfare
2012/10/22
We first confirm previous results with the German Socio-Economic Panel by Layard et al. (2010), and obtain strong negative effects of comparison income. However, when we split the sample by age, we fi...