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Weitere%20Publikationen:%20Thomas%20Horvath (7 hits)

in: Familie – Beruf – Karriere: Daten, Analysen und Instrumente zur Vereinbarkeit
Book chapters, contributions to collected volumes, Springer, Wiesbaden, January 2018,
in: Altenburg Friedrich, Anna Faustmann, Thomas Pfeffer, Isabella Skrivanek, Migration und Globalisierung in Zeiten des Umbruchs. Festschrift für Gudrun Biffl
Book chapters, contributions to collected volumes, Edition Donau-Universität Krems, Krems, 2017
Journal of the Royal Statistical Society: Series A (Statistics in Society), 2016,
We analyse the effect of income on mortality in Austria by using administrative social security data. To tackle potential endogeneity concerns arising in this context, we estimate time invariant firm-specific wage components and use them as instruments for actual wages. Although we find quantitatively small yet statistically significant effects in our naive least squares estimations, instrumental variables regressions reveal a robust zero effect of income on 10-year death rates for workers aged 40 to 60 years, both in terms of coefficient magnitude and narrow width of confidence intervals. These results are robust to various sample specifications and both linear and non-linear estimation methods.
in: Sozialbericht 2011-2012. Ressortaktivitäten und Sozialpolitische Analysen
Editors: Federal Ministry of Labour, Social Affairs and Consumer Protection
Danube: Law and Economics Review, 2012, (3), pp.55-69,
Online since: 15.10.2015 17:12
Decomposing wages into worker and firm wage components, we find that firm-fixed components are sizeable parts of workers' wages. If workers can only imperfectly observe the extent of firm-fixed components in their wages, they might be misled about the overall wage distribution. Such misperceptions may lead to unjustified high reservation wages, resulting in overly long unemployment durations. We examine the influence of previous wages on unemployment durations for workers after exogenous lay-offs and, using Austrian administrative data, we find that younger workers are, in fact, unemployed longer if they profited from high firm-fixed components in the past. We interpret our findings as evidence for overconfidence generated by imperfectly observed productivity.