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We develop and estimate a panel data model explaining the answers to questions about subjective probabilities, using data from the US Health and Retirement Study. We explicitly account for nonresponse, rounding, and focal point 50 percent answers. Our results indicate that for three of the four...
Persistent link: https://www.econbiz.de/10013136709
We propose a novel selectivity correction procedure to deal with survey attrition, at the crossroads of the "Heckit … models, we use information on the number of attempts that were made to obtain response to the survey from each individual who …
Persistent link: https://www.econbiz.de/10013099813
two independent surveys on the same initial sample of 8, 000 persons. The first one is a long telephone survey that had a … telephone survey targeted at those leaving the unemployment registers; this enriched data source has a balanced and much higher … results. Using the enriched administrative data as benchmark, we find evidence that estimates from the long telephone survey …
Persistent link: https://www.econbiz.de/10013159683
Using a nationally representative longitudinal survey of lawyers in the U.S., we document a sizeable gap between men …
Persistent link: https://www.econbiz.de/10012843169
Are people prone to selecting occupations with highly skewed income distributions despite minuscule chances of success? Assembling a comprehensive pool of potential teenage entrants into professional tennis (a typical winner-take-all market), we construct objective measures of relative ability...
Persistent link: https://www.econbiz.de/10012894561
when it is not competitive. This prediction is then tested using data from the Annual Survey of Hours and Earnings in the …
Persistent link: https://www.econbiz.de/10013047851
Standard economic models which focus on pecuniary payoffs cannot explain why there are highly able individuals who choose careers with low pecuniary returns. Therefore, financial incentives are unlikely to be effective in influencing career choices of these individuals. Based on Akerlof and...
Persistent link: https://www.econbiz.de/10013316754
This paper establishes the presence of a substantial gender gap in the relationship between state legislature service and the subsequent pursuit of a Congressional career. The empirical approach uses a sample of mixed-gender elections to compare the differential political career progression of...
Persistent link: https://www.econbiz.de/10012863788