TY  - RPRT
        AU  - Pollmann, Daniel
AU  - Dohmen, Thomas
AU  - Palm, Franz C.
        TI  - Robust Estimation of Wage Dispersion with Censored Data: An Application to Occupational Earnings Risk and Risk Attitudes
        PY  - 2012/Mar/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 6447
        UR  - https://www.iza.org/publications/dp6447
        AB  - 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.
        KW  - occupational choice
KW  - quantile regression
KW  - censoring
KW  - earnings risk
KW  - dispersion estimation
KW  - sorting
KW  - risk preferences
KW  - SOEP
KW  - IABS
        ER  -