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It’s the Opportunity Cost, Stupid!How Self-Employment Responds to FinancialIncentives of Return, Risk and Skew

Berkhout, Peter; Hartog, Joop; Praag, Mirjam van - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2011

There is no robust empirical support for the effect of financial incentives on the decision towork in self-employment rather than as a wage earner. In the literature, this is seen as apuzzle. We offer a focus on the opportunity cost, i.e. the wages given up as an employee.Information on income...

Persistent link: https://www.econbiz.de/10009496228

It's the Opportunity Cost, Stupid! How Self-Employment Responds to Financial Incentives of Return, Risk and Skew

Berkhout, Peter H. G. - 2011

There is no robust empirical support for the effect of financial incentives on the decision to work in self-employment rather than as a wage earner. In the literature, this is seen as a puzzle. We offer a focus on the opportunity cost, i.e. the wages given up as an employee. Information on...

Persistent link: https://www.econbiz.de/10013117620

Do They Understand the Benefits from Education? Evidence on Dutch High School Students' Earnings Expectations

Mazza, Jacopo - 2011

Using an internet collected dataset, we will provide some empirical evidence on the information that Dutch high school students possess before their decision on tertiary education participation. The sample is prone to selective participation and high attrition, but we detect little systematic...

Persistent link: https://www.econbiz.de/10013124778

Is Earnings Uncertainty Relevant for Educational Choice? An Empirical Analysis for China

Hartog, Joop - 2011

We use the method of Dominitz and Manski (1996) to solicit anticipated wage distributions for continuing to a Master degree or going to work after completing the Bachelor degree. The means of the distributions have an effect on intention to continue as predicted by theory. The dispersions in...

Persistent link: https://www.econbiz.de/10013125451

Nash Bargaining and the Wage Consequences of Educational Mismatches

Hartog, Joop - 2012

The paper provides a theoretical foundation for the empirical regularities observed in estimations of wage consequences of overeducation and undereducation. Workers with more education than required for their jobs are observed to suffer wage penalties relative to workers with the same education...

Persistent link: https://www.econbiz.de/10013096772

Risk Attitude and Wage Growth : Replication and Reconstruction

Budría, Santiago - 2009

We replicate Shaw (1996) who found that individual wage growth is higher for individuals with greater preference for risk taking. Expanding her dataset with more American observations and data for Germany, Spain and Italy, we find mixed support for the earlier results. We present and estimate a...

Persistent link: https://www.econbiz.de/10012763923

Why Do We Ignore the Risk in Schooling Decisions?

Hartog, Joop - 2014

While uncertainty abounds in almost any decision on investment in schooling, it is mostly ignored in research and virtually absent in labour economics text books. This paper documents the scope for risk, discusses the tough disentanglement of heterogeneity and risk, surveys the analytical...

Persistent link: https://www.econbiz.de/10013055220

Do Wage Expectations Influence the Decision to Enroll in Nursing College?

Schweri, Juerg - 2015

As Switzerland experiences a severe shortage of nurses, this paper investigates the impact of students' ex ante wage expectations on their choice to pursue a nursing college education. This analysis contributes to a small yet rapidly developing body of literature that uses subjective expectation...

Persistent link: https://www.econbiz.de/10013016374

If You Are So Smart, Why Aren't You an Entrepreneur? Returns to Cognitive and Social Ability : Entrepreneurs versus Employees

Hartog, Joop; van Praag, Mirjam; van der Sluis, Justin - 2021

How valuable are cognitive and social abilities for entrepreneurs' incomes as compared to employees? We answer three questions: (1) To what extent does a composite measure of ability affect an entrepreneur's earnings relative to employees? (2) Do different cognitive abilities (e.g. math ability,...

Persistent link: https://www.econbiz.de/10013325026

Immigration and Innovation in European Regions

Ozgen, Ceren - 2012

creation of new ideas, knowledge spillovers, entrepreneurship, and economic growth. In this paper we measure the impact of the … data on 170 regions in Europe (NUTS 2 level) for the periods 1991-1995 and 2001-2005. Innovation outcomes are measured by … diffusion of innovation activity, and the spatial selectivity of immigrants' location choices, we take account of spatial …

Persistent link: https://www.econbiz.de/10013114774