Robust Estimation of Wage Dispersion with Censored Data : An Application to Occupational Earnings Risk and Risk Attitudes
We present a semiparametric method to estimate group-level dispersion, which is particularly effective in the presence of censored data. We apply this procedure to obtain measures of occupation-specific wage dispersion using top-coded administrative wage data from the German IAB Employment Sample (IABS). We then relate these robust measures of earnings risk to the risk attitudes of individuals working in these occupations. We find that willingness to take risk is positively correlated with the wage dispersion of an individual's occupation
Year of publication: |
2013
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Authors: | Pollmann, Daniel |
Other Persons: | Dohmen, Thomas J. (contributor) ; Palm, Franz C. (contributor) |
Publisher: |
[2013]: [S.l.] : SSRN |
Subject: | Risiko | Risk | Lohnstruktur | Wage structure | Risikopräferenz | Risk attitude | Schätzung | Estimation | Lohn | Wages | Robustes Verfahren | Robust statistics | Schätztheorie | Estimation theory |
Saved in:
freely available
Extent: | 1 Online-Ressource (24 p) |
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Series: | Netspar Discussion Paper ; No. 03/2012-047 |
Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 27, 2012 erstellt |
Other identifiers: | 10.2139/ssrn.2198839 [DOI] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10013088787