Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/58449
Authors: 
Pollmann, Daniel
Dohmen, Thomas
Palm, Franz C.
Year of Publication: 
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: 
Document Type: 
Working Paper

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