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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 …

Persistent link: https://www.econbiz.de/10009534948

Robust Estimation of Wage Dispersion with Censored Data : An Application to Occupational Earnings Risk and Risk Attitudes

Pollmann, Daniel - 2012

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/10013107726

Robust estimation of wage dispersion with censored data : an application to occupational earnings risk and risk attitudes

Pollmann, Daniel; Dohmen, Thomas; Palm, Franz C. - 2013

Persistent link: https://www.econbiz.de/10009775634

Robust estimation of wage dispersion with censored data: an application to occupational earnings risk and risk attitudes

Pollmann, Daniel; Dohmen, Thomas; Palm, Franz C. - 2020

Persistent link: https://www.econbiz.de/10012293101

Robust Estimation of Wage Dispersion with Censored Data : An Application to Occupational Earnings Risk and Risk Attitudes

Pollmann, Daniel; Dohmen, Thomas J.; Palm, Franz C. - 2013

Persistent link: https://www.econbiz.de/10014155122

Experience Goods and Risk Preferences

McCannon, Bryan C. - 2012

Experience goods are those where the utility received is not known until consumed. The purchase can be viewed as a lottery. Consequently, risk preferences should affect willingness to pay and the price. Data from panels of experts rating cigars is used to test this assertion. For inexpensive...

Persistent link: https://www.econbiz.de/10013096056

Goal Bracketing and Self-Control

Hsiaw, Alice - 2016

This paper studies the role of goal bracketing to attenuate time inconsistency. When setting non-binding goals for a multi-stage project, an agent must also decide how and when to evaluate himself against such goals. In particular, he can bracket broadly by setting an aggregate goal for the...

Persistent link: https://www.econbiz.de/10012979882

Is Default Risk Acceptable When Purchasing Insurance? Experimental Evidence for Different Probability Representations, Reasons for Default, and Framings

Gründl, Helmut; Zimmer, Anja; Schade, Christian - Universität <Berlin, Humboldt-Universität> / Dr. … - 2008

We experimentally analyze consoumers' reaction to insurance default risk. Consistent with eralier studies, we find that … insurance with default risk is extremely unattractive to most individuals. A considerable fraction of consumers completely … refuse to accept any default risk; others ask for large reductions in insurance premiums. These findings are robust against …

Persistent link: https://www.econbiz.de/10005863282

Estimating Prudence

Eisenhauer, Joseph G. - In: Eastern Economic Journal 26 (2000) 4, pp. 379-392

This study uses an expected utility model of life insurance demand to derive reduced form equations for the Leland …

Persistent link: https://www.econbiz.de/10005641694

Labor and Financial Market Interactions: The Case of Labor Income Risk and Car Insurance in the UK 1969-95

Koeniger, Winfried - Institute for the Study of Labor (IZA) - 2001

and car insurance using data from the UK. The main empirical results are: - higher labor income risk induces a higher … demand for car insurance. - the effects of increases in labor income risk after 1979 seem to be more than offset by a more …

Persistent link: https://www.econbiz.de/10005703033