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IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA) >
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http://hdl.handle.net/10419/58449
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| Title: | | Robust estimation of wage dispersion with censored data: An application to occupational earnings risk and risk attitudes  |
| Authors: | | Pollmann, Daniel Dohmen, Thomas Palm, Franz C. |
| Issue Date: | | 2012 |
| Series/Report no.: | | Discussion Paper series, Forschungsinstitut zur Zukunft der Arbeit 6447 |
| Abstract: | | 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 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 with the wage dispersion of an individual's occupation. |
| Subjects: | | dispersion estimation earnings risk censoring quantile regression occupational choice sorting risk preferences SOEP IABS |
| JEL: | | C14 C21 C24 J24 J31 D01 D81 |
| Persistent Identifier of the first edition: | | urn:nbn:de:101:1-201207127137 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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