Robust Estimation of Wage Dispersion with Censored Data: An Application to Occupational Earnings Risk and Risk Attitudes-Reference-Cited by-同舟云学术

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

Published:2020-09-17 Issue:4 Volume:168 Page:519-540
ISSN:0013-063X
Container-title:De Economist
language:en
Short-container-title:De Economist

Author:

Pollmann Daniel,Dohmen Thomas^ORCID,Palm Franz

Abstract

AbstractWe 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. 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.

Funder

DFG

Rheinische Friedrich-Wilhelms-Universität Bonn

Publisher

Springer Science and Business Media LLC

Subject

Economics and Econometrics

Link

https://link.springer.com/content/pdf/10.1007/s10645-020-09374-x.pdf

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