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This paper presents a regression procedure for inhomogeneous data characterized by varying variance, skewness and kurtosis or by an unequal amount of data over the estimation domain. The concept is based first on the estimation of the densities of an observed variable for given values of...
Persistent link: https://www.econbiz.de/10013144565
In addition to discrimination, market power, and human capital, gender differences in risk preferences might also … contribute to observed gender wage gaps. We conduct laboratory experiments in which subjects choose between a risky (in terms of … more likely than men to select the secure job, and these job choices accounted for between 40% and 77% of the gender wage …
Persistent link: https://www.econbiz.de/10011521155
In addition to discrimination, market power, and human capital, gender differences in risk preferences might also … contribute to observed gender wage gaps. We conduct laboratory experiments in which subjects choose between a risky (in terms of … more likely than men to select the secure job, and these job choices accounted for between 40% and 77% of the gender wage …
Persistent link: https://www.econbiz.de/10012984865
We survey the literature on estimating risk preferences using field data. We concentrate our attention on studies in which risk preferences are the focal object and estimating their structure is the core enterprise. We review a number of models of risk preferences — including both expected...
Persistent link: https://www.econbiz.de/10012935670
This paper empirically examines the behavioral precautionary saving hypothesis by Koszegi and Rabin (2009) stating that uncertainty about future income triggers saving because of loss aversion. We extend their theoretical analysis to also consider the internal margin, i.e., the strength, of loss...
Persistent link: https://www.econbiz.de/10012438025
aversion. An accompanying laboratory experiment confirms that an exogenous increase in income risk causally leads to this …
Persistent link: https://www.econbiz.de/10014312199
Persistent link: https://www.econbiz.de/10011708397
Persistent link: https://www.econbiz.de/10012129989
Persistent link: https://www.econbiz.de/10012802907
We show that socio-economic status (SES) is a powerful predictor of many facets of a child's personality. The facets of personality we investigate encompass time preferences, risk preferences, and altruism, as well as crystallized and fluid IQ. We measure a family's SES by the mother's and...
Persistent link: https://www.econbiz.de/10010510510