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

Daniel Pollmann, Thomas Dohmen*, Franz Palm

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review

Original languageEnglish
Pages (from-to)519-540
Number of pages22
JournalDe Economist
Volume168
Issue number4
Early online date17 Sep 2020
DOIs
Publication statusE-pub ahead of print - 17 Sep 2020

JEL classifications

  • c14 - Semiparametric and Nonparametric Methods: General
  • c21 - "Single Equation Models; Single Variables: Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions"
  • c24 - "Single Equation Models; Single Variables: Truncated and Censored Models; Switching Regression Models"
  • j24 - "Human Capital; Skills; Occupational Choice; Labor Productivity"
  • j31 - "Wage Level and Structure; Wage Differentials"
  • d01 - Microeconomic Behavior: Underlying Principles
  • d81 - Criteria for Decision-Making under Risk and Uncertainty

Keywords

  • Dispersion estimation
  • Earnings risk
  • Censoring
  • Quantile regression
  • Occupational choice
  • Sorting
  • Risk preferences
  • SOEP
  • IABS
  • QUANTILE REGRESSION
  • SAMPLE SELECTION
  • 2-STEP ESTIMATION
  • TOBIT ESTIMATOR
  • AVERSION
  • MODELS
  • TESTS
  • MISSPECIFICATION
  • DETERMINANTS
  • INEQUALITY

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