| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w14754 |
| 来源ID | Working Paper 14754 |
| Risk Preferences in the PSID: Individual Imputations and Family Covariation | |
| Miles S. Kimball; Claudia R. Sahm; Matthew D. Shapiro | |
| 发表日期 | 2009-02-25 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | Survey measures of preference parameters provide a means for accounting for otherwise unobserved heterogeneity.This paper presents measures of relative risk tolerance based on responses to survey questions about hypothetical gambles over lifetime income.It discusses how to impute estimates of utility function parameters from the survey responses using a statistical model that accounts for survey response error. There is substantial heterogeneity in true preference parameters even after survey response error is taken into account.The paper discusses how to use the preference parameters imputed from the survey responses in regression models as a control for differences in preferences across individuals. This paper focuses on imputations for respondents in the Panel Study of Income Dynamics (PSID).It also studies the covariation of risk preferences among members of households.It finds fairly strong covariation in attitudes about risk -- between parents and children and especially between siblings and between spouses. |
| 主题 | Econometrics ; Estimation Methods ; Microeconomics ; Households and Firms ; Economics of Information ; Macroeconomics ; Consumption and Investment ; Labor Economics ; Demography and Aging |
| URL | https://www.nber.org/papers/w14754 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/572430 |
| 推荐引用方式 GB/T 7714 | Miles S. Kimball,Claudia R. Sahm,Matthew D. Shapiro. Risk Preferences in the PSID: Individual Imputations and Family Covariation. 2009. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w14754.pdf（161KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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