This paper investigates how to test and correct for nonresponse selection bias induced by missing income information when estimating wage functions. The novelty is to use the variation in interviewer-specific response rates as exclusion restriction within the framework of a sample selection...

?Introduction -- A Random Regret Minimization-based discrete choice model -- Empirical application of Random Regret Minimization-models -- Applicability of Random Regret Minimization-models -- Selection of recent developments in RRM-modeling

Debt burdens have risen for US households over the last several decades. As a result, several studies have investigated potential ethnic and gender differences in these debt burdens, along with the risks they pose. However, such estimations can be biased without correctly controlling for...

The last three decades have witnessed a spectacular integration of the world economy. On the one hand, the impact of the globalization on the economies is related to the activity of firms operating on a "multi-national" scale. These firms acquire subsidiaries abroad, move part of their...