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

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

Essays on optimal economic growth

Thesis (Ph. D.)--Massachusetts Institute of Technology, Dept. of Economics and Social Science, 1964.Vita.Includes bibliographical references (leaves 98-99).by David Levhari.Thesis (Ph. D.)--Massachusetts Institute of Technology, Dept. of Economics and Social Science, 1964