Research Group

Labor Demography

At a Glance Projects Publications Team

Project

Economic Well-Being and Life-Course Transitions (Dissertation)

Julian Schmied, Mikko Myrskylä, Christian Dudel; in Collaboration with Timm Bönke (Free University of Berlin, Germany)

Detailed Description

Individuals experience several major transitions throughout the life course, such as partnering, becoming parents, or retiring. These transitions go along with significant changes in individual needs, well-being, and consumption. It is, however, difficult to quantify exactly the effect of these changes.

We tackle the methodological challenges involved in estimating the effects of life-course transitions on economic well-being, and we investigate income, consumption, and subjective measures of well-being before and after transitions. We also consider long-running cohort trends and other aspects of well-being, such as health. To achieve our aims, we use rich survey and extensive administrative register data. Our results provide useful benchmarks for social policy as well as individual decision-making, such as on pension saving.

Publications

Dudel, C.; Schmied, J.:

Pension adequacy standards: an empirical estimation strategy and results for the United States and Germany

Fiscal Studies. accepted. (2023)    

Eibich, P.; Kanabar, R.; Plum, A.; Schmied, J.:

In and out of unemployment – labour market transitions and the role of testosterone

Economics & Human Biology 46:101123, 1–11. (2022)    

Dudel, C.; Garbuszus, J. M.; Schmied, J.:

Assessing differences in household needs: a comparison of approaches for the estimation of equivalence scales using German expenditure data

Empirical Economics 60:4, 1629–1659. (2021)    

Dudel, C.; Werding, M.; Schmied, J.:

Lebensstandardsicherung im Alter: Wie hoch muss die Rente sein?

DAV-Kompass 2021, 5–5. (2021)    

Dudel, C.; Schmied, J.; Werding, M.:

Sicherungsziele für die Rente: empirische Messung und Ergebnisse

Wirtschaftsdienst 100:3, 185–193. (2020)    

Dudel, C.; Schmied, J.:

Pension adequacy standards: an empirical estimation strategy and results for the United States and Germany

MPIDR Working Paper WP-2019-003. (2019)    

Freytag, A.; Schmied, J.:

Debt relief and good governance: new evidence of developing countries for the period 1990-2013

Applied Econometrics and International Development 19:1, 15–32. (2019)