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Occupation growth, skill prices, and wage inequality
Böhm, Michael; Gaudecker, Hans-Martin von; Schran, Felix - 2019
This paper studies the relationship between changes in occupational employment, occupational wages, and rising overall wage inequality. Using long-running administrative panel data with detailed occupation codes, we first document that in all occupations, entrants and leavers earn lower wages...
Persistent link: https://www.econbiz.de/10012110206
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Occupation growth, skill prices, and wage inequality
Böhm, Michael; Gaudecker, Hans-Martin von; Schran, Felix - 2019
This paper studies the relationship between changes in occupational employment, occupational wages, and rising overall wage inequality. Using long-running administrative panel data with detailed occupation codes, we first document that in all occupations, entrants and leavers earn lower wages...
Persistent link: https://www.econbiz.de/10012120603
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Occupation growth, skill prices, and wage inequality
Böhm, Michael; Gaudecker, Hans-Martin von; Schran, Felix - 2022
This paper studies the relationship between occupational employment, occupational wages, and rising wage inequality. We document that in all occupations, entrants and leavers earn less than stayers. This suggests selection effects that are negative for growing occupations and positive for...
Persistent link: https://www.econbiz.de/10013257695
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The impact of news on US household inflation expectations
Chao, Shih-Kang; Härdle, Wolfgang; Sheen, Jeffrey R.; … - 2017
Analysis of monthly disaggregated data from 1978 to 2016 on US household in ation expectations reveals that exposure to news on in ation and monetary policy helps to explain in ation expectations. This remains true when controlling for household personal characteristics, their perceptions of the...
Persistent link: https://www.econbiz.de/10011657291
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The false consensus effect disappears if representative information and monetary incentives are given
Engelmann, Dirk; Strobel, Martin - 1999
In this paper we present an experiment on the false consensus effect. Unlike previous experiments, we provide monetary incentives for revealing the actual estimation of others' behavior. In each session and round sixteen subjects make a choice between two options simultaneously. Then they...
Persistent link: https://www.econbiz.de/10009581106
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The False Consensus Effect : Deconstruction and Reconstruction of an Anomaly
Engelmann, Dirk; Strobel, Martin - 2006
We present a striking example of the deconstruction and reconstruction of an anomaly. In line with previous experiments we show in a one-shot setting that the allegedly robust false consensus e¤ect disappears if representative information is readily available. But the effect reappears if a...
Persistent link: https://www.econbiz.de/10014061502
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Advanced further training or dual higher education study: a choice experiment on the influence of employers' preferences on career advancement
Maier, Tobias - In: Journal for Labour Market Research 56 (2022) 1, pp. 1-15
Although the number of graduates with a bachelor's degree has risen over recent years, little information is available as to which position such persons hold within an establishment and whether they compete on the career ladder with persons from the vocational sector with advanced further...
Persistent link: https://www.econbiz.de/10013333541
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Advanced further training or dual higher education study : a choice experiment on the influence of employers' preferences on career advancement
Maier, Tobias - In: Journal for labour market research 56 (2022) 1, pp. 1-15
Although the number of graduates with a bachelor's degree has risen over recent years, little information is available as to which position such persons hold within an establishment and whether they compete on the career ladder with persons from the vocational sector with advanced further...
Persistent link: https://www.econbiz.de/10013272253
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Is subjective well-being insured against income shocks? : evidence from 20-year panel data in South Korea
Kim, Seonghoon; Ahn, Taehyun; Kim, Seonghoon - 2024
Using 20 years of nationally representative panel data in South Korea, we estimate how life satisfaction responds to income shocks. We document that unexpected income changes significantly impact an individual's life satisfaction, and the magnitudes depend on the persistence of income shocks. We...
Persistent link: https://www.econbiz.de/10015144092
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Predicting Insurance Demand from Risk Attitudes
Jaspersen, Johannes G. - 2019
Can measured risk attitudes and associated structural models predict insurance demand? In an experiment (n = 1,730), we … insurance choices over different loss probabilities and prices. The insurance choices show coherence and some correlation with … various risk-attitude measures. Yet all the structural models predict insurance poorly, often less accurately than random …
Persistent link: https://www.econbiz.de/10012480452