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desk (version 1.1.2)

data.insurance: Sales of Insurance Contracts

Description

This is a data set on the ability and success of salespersons in selling insurance contracts.

Usage

data.insurance

Arguments

Format

A data frame with 30 observations on the following four variables:

contrnumber of insurance contracts currently sold by the salesperson.
scorescore of salesperson in assessment center.
contrprevnumber of insurance contracts sold period by the salesperson in the previous.
abilitysalesperson's true ability to sell insurance contracts.

Details

In Auer (2023, Chap. 20) and Auer et al. (2024, Chap. 20) these hypothetical data illustrate the use of two stage least squares estimation with an instrumental variable.

References

Auer, L.v., Hoffmann, S. & Kranz, T. (2024): Ökonometrie - Das R-Arbeitsbuch, 2nd ed., Springer-Gabler (https://www.oekonometrie-lernen.de).