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Risk-adjusted returns to education
Delaney, Judith - 2019
This paper looks at the joint impact of labour market risk and selection in to the labour market on returns to … education. Accounting for non-employment risk leads to substantial changes in returns while wage risk has little impact. The … risk- adjusted returns to both high school and college for males are larger than unadjusted returns. For females, risk …
Persistent link: https://www.econbiz.de/10012022693
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The effect of macroeconomic uncertainty on household spending
Coibion, Olivier; Georgarakos, Dimitris; Gorodnichenko, … - 2021
Using a new survey of European households, we study how exogenous variation in the macroeconomic uncertainty perceived by households affects their spending decisions. We use randomized information treatments that provide different types of information about the first and/or second moments of...
Persistent link: https://www.econbiz.de/10012491975
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Hedonic wage equilibrium : theory, evidence and policy
Kniesner, Thomas J.; Leeth, John D. - 2010
policy relevant outcomes and policy effects, that of the wage premia for fatal injury risk. Estimates of the overall hedonic …
Persistent link: https://www.econbiz.de/10008688722
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Partial identification of willingness-to-pay using shape restrictions with an application to the value of a statistical life
Sojourner, Aaron J. - 2010
in levels of fatal risk. The paper contrasts VSL estimates from conventional analysis with the bounds obtained under this …
Persistent link: https://www.econbiz.de/10008688857
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Returns to education in Russia : where there is risky sexual behaviour there is also an instrument
Arabsheibani, Gholam Reza; Staneva, Anita V. - 2012
Finding an instrument that is orthogonal to the disturbance term in the wage equation has been a topic of great deal of debate. Recently, Chesson et al. (2006) proposed that higher discount rates are significantly associated with a range of sexual behaviours, including having sex before age of...
Persistent link: https://www.econbiz.de/10009569584
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It's the opportunity cost, stupid! : how self-employment responds to financial incentives of return, risk and skew
Berkhout, Peter; Hartog, Joop; Praag, Mirjam van - 2011
-employment ; wage-employment ; income distribution ; income risk ; income skew ; income variance ; occupational choice ; labor market …
Persistent link: https://www.econbiz.de/10009522492
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Robust estimation of wage dispersion with censored data : an application to occupational earnings risk and risk attitudes
Pollmann, Daniel; Dohmen, Thomas; Palm, Franz C. - 2012
with the wage dispersion of an individual's occupation. -- dispersion estimation ; earnings risk ; censoring ; quantile …-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 …
Persistent link: https://www.econbiz.de/10009534948
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Wages as risk compensation in Germany
Grund, Christian - 2000
-Economic Panel (GSOEP) within individually perceived hazards of work accidents as a risk variable, evidence for compensating wage …
Persistent link: https://www.econbiz.de/10011339080
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Job loss fears and (extremist) party identification : first evidence from panel data
Geishecker, Ingo; Siedler, Thomas - 2012
There is a large body of literature analyzing the relationship between objective economic conditions and voting behavior, but there is very little evidence of how perceived economic insecurity impacts on political preferences. Using seventeen years of household panel data from the German...
Persistent link: https://www.econbiz.de/10009665560
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When do remittances facilitate asset accumulation? : the importance of remittance income uncertainty
Amuedo Dorantes, Catalina; Pozo, Susan - 2014
A sizable literature has concluded that remittances impact the expenditure patterns of households. We explore how the uncertainty of remittance income inflows affects the accumulation of human, physical and financial assets of Mexican households, while accounting for the level of transfers from...
Persistent link: https://www.econbiz.de/10010250041