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Health shocks and risk aversion
Decker, Simon; Schmitz, Hendrik - 2015
follow an innovative approach and use grip strength data to obtain an objective health shock indicator. In order to account … empirically assess if they are time varying. Specifically, we analyse whether health shocks influence individual risk aversion. We … for the non-random nature of our data we employ regression-adjusted matching. Health shocks are found to increase …
Persistent link: https://www.econbiz.de/10011439785
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Lifecycle patterns in the socioeconomic gradient of risk preferences
Schurer, Stefanie - 2015
Who is most likely to change their risk preferences over the lifecourse? Using German nationally representative survey data and methods to separate age from cohort effects, we estimate the lifecycle patterns in the socioeconomic gradient of self-reported risk preferences. Tolerance to risk drops...
Persistent link: https://www.econbiz.de/10010504529
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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 - 2013
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...
Persistent link: https://www.econbiz.de/10010317551
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Lifecycle Patterns in the Socioeconomic Gradient of Risk Preferences
Schurer, Stefanie - Forschungsbasierte Infrastruktureinrichtung … - 2015
Who is most likely to change their risk preferences over the lifecourse? Using German nationally representative survey data and methods to separate age from cohort effects, we estimate the lifecycle patterns in the socioeconomic gradient of self-reported risk preferences. Tolerance to risk drops...
Persistent link: https://www.econbiz.de/10011213876
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Comparing the Predictive Power of Subjective and Objective Health Indicators: Changes in Hand Grip Strength and Overall Satisfaction with Life as Predictors of Mortality
Ambrasat, Jens; Schupp, Jürgen; Wagner, Gert G. - 2011
Self-reported measures of health are generally treated as weak measures of respondents' objective health status. On the … other hand, most surveys use self-reported health to measure health status and to determine the effects of a range of other … socio-economic characteristics of the local environment on individual health. It is therefore of interest to the public …
Persistent link: https://www.econbiz.de/10011601040
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The "bomb" risk elicitation task
Crosetto, Paolo; Filippin, Antonio - 2012
This paper presents the Bomb Risk Elicitation Task (BRET), an intuitive procedure aimed at measuring risk attitudes. Subjects decide how many boxes to collect out of 100, one of which containing a bomb. Earnings increase linearly with the number of boxes accumulated but are zero if the bomb is...
Persistent link: https://www.econbiz.de/10010290717
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The "Bomb" Risk Elicitation Task
Crosetto, Paolo; Filippin, Antonio - Forschungsbasierte Infrastruktureinrichtung … - 2012
This paper presents the Bomb Risk Elicitation Task (BRET), an intuitive procedure aimed at measuring risk attitudes. Subjects decide how many boxes to collect out of 100, one of which containing a bomb. Earnings increase linearly with the number of boxes accumulated but are zero if the bomb is...
Persistent link: https://www.econbiz.de/10010598573
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Revisiting the Income-Health Nexus: The Importance of Choosing the "Right" Indicator
Ziebarth, Nicolas R.; Frick, Joachim R. - 2010
We show that the choice of the welfare measure has a substantial impact on the degree of welfare-related health … inequality. Combining various income and wealth measures with different health measures, we calculate 80 health concentration … indices. The influence of the welfare measure is more pronounced when using subjective health measures than when using …
Persistent link: https://www.econbiz.de/10011600917
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Why Is the World Getting Older? The Influence of Happiness on Mortality
Guven, Cahit; Saloumidis, Rudolph - 2009
, self-reported health, and presence of chronic illness as health measures. After controlling for initial health conditions …
Persistent link: https://www.econbiz.de/10011600842
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Why Is the World Getting Older?: The Influence of Happiness on Mortality
Guven, Cahit; Saloumidis, Rudolph - Forschungsbasierte Infrastruktureinrichtung … - 2009
, self-reported health, and presence of chronic illness as health measures. After controlling for initial health conditions …
Persistent link: https://www.econbiz.de/10005017448