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Using the P90/P10 Index to Measure US Inequality Trends with Current Population Survey Data: A View from Inside the Census Bureau Vaults

Burkhauser, Richard V.; Feng, Shuaizhang; Jenkins, … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2007

earnings and income inequality in the USA. Time-inconsistency problems related to top coding in theses data have led many … summary measure of inequality. With access to public use and restricted-access internal CPS data, and bounding methods, we … show that using P90/P10 does not completely obviate timeinconsistency problems, especially for household income inequality …

Persistent link: https://www.econbiz.de/10005068767

Too Proud to Stop: Regret in Dynamic Decisions

Viefers, Paul; Strack, Philipp - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2014

Many economic situations involve the timing of irreversible decisions. E.g. People decide when to sell a stock or stop searching for a better price. We analyze the behavior of a decision maker who evaluates his choice relative to the ex-post optimal choice in an optimal stopping task. We derive...

Persistent link: https://www.econbiz.de/10010896196

Organizations, Diffused Pivotality and Immoral Outcomes

Falk, Armin; Szech, Nora - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2013

This paper studies how organizational design affects moral outcomes. Subjects face the decision to either kill mice for money or to save mice. We compare a Baseline treatment where subjects are fully pivotal to a Diffused-Pivotality treatment where subjects simultaneously choose in groups of...

Persistent link: https://www.econbiz.de/10010783996

Cross-Country Stock Market Reactions to Major Terror Events: The Role of Risk Perception

Drakos, Konstantinos - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009

The extant literature has established that the occurrence of major terrorist events leads to negative abnormal returns not only to the location of the event, but also to third countries. However, the literature has neither investigated which are the diffusion mechanisms of terrorist shocks, nor...

Persistent link: https://www.econbiz.de/10008519458

Hidden Skewness

Ensthaler, Ludwig; Nottmeyer, Olga; Weizsäcker, Georg - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010

We provide laboratory evidence that people neglect skewness resulting from compound shocks.

Persistent link: https://www.econbiz.de/10008490049

Income Inequality in the 1990s: Comparing the United States, Great Britain and Germany

Burkhauser, Richard V.; Rovba, Ludmila - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2006

distributed. Our results hold using both summary measures of inequality as well as kernel density estimations. In the United … opposite was the case in Great Britain and Germany. Income inequality fell in all three countries among the older population …

Persistent link: https://www.econbiz.de/10005068826

A Forgotten Issue: Distributional Effects of Day Care Subsidies in Germany

Kreyenfeld, Michaela; Spieß, C. Katharina; Wagner, Gert G. - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2000

In westlichen Industrienationen besteht heute im allgemeinen ein Konsens darüber, dass die Betreuung in Kindertageseinrichtungen öffentlich subventioniert werden sollte. Weniger Klarheit besteht jedoch über die verteilungspolitischen Effekte der öffentlichen Förderung von Kinderbetreuung....

Persistent link: https://www.econbiz.de/10005069048

Age Effects and Heuristics in Decision Making

Besedes, Tibor; Deck, Cary; Sarangi, Sudipta; Shor, Mikhael - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010

Using controlled experiments, we examine how individuals make choices when faced with multiple options. Choice tasks are designed to mimic the selection of health insurance, prescription drug, or retirement savings plans. In our experiment, available options can be objectively ranked allowing us...

Persistent link: https://www.econbiz.de/10008611292

Hidden Skewness: On the Difficulty of Multiplicative Compounding under Random Shocks

Ensthaler, Ludwig; Nottmeyer, Olga; Weizsäcker, Georg; … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2013

Multiplicative growth processes that are subject to random shocks often have a skewed distribution of outcomes. In a number of incentivized laboratory experiments we show that a large majority of participants either strongly underestimate skewness or ignore it completely. Participants...

Persistent link: https://www.econbiz.de/10011128865

Hidden Skewness

Ensthaler, Ludwig; Nottmeyer, Olga; Weizsäcker, Georg - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2012

Multiplicative growth processes that are subject to random shocks often have a skewed distribution of outcomes. A simple laboratory experiment shows that participants either strongly underestimate skewness or ignore it completely. The participants' choices reveal bounds on their subjective...

Persistent link: https://www.econbiz.de/10011128866