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

Hartog, Joop; Ding, Xiaohao; Liao, Juan - 2011

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

Persistent link: https://www.econbiz.de/10010325861

Unobserved Heterogeneity and Risk in Wage Variance: Does Schooling provide Earnings Insurance?

Mazza, Jacopo; van Ophem, Hans; Hartog, Joop - 2011

We apply a recently proposed method to disentangle unobserved heterogeneity from risk in returns to education. We replicate the original study on US men and extend to US women, UK men and German men. Most original results are not robust. A college education cannot universally be considered an...

Persistent link: https://www.econbiz.de/10010325796

Changing Returns to Education in Portugal during the 1980s and Early 1990s: OLS and quantile regression estimators

Hartog, Joop; Pereira, Pedro T.; Vieira, José A.C. - 1999

This paper examines the evolution of the returns to education in Portugal over the 1980s andearly 1990s. The main findings indicate that the returns to education have increased,particularly after joining the European Union in 1986. Since this occurred along with anincrease in the level of...

Persistent link: https://www.econbiz.de/10010324728

Dual Track or Academic Route for Auditors

Jonker, Nicole; van Ophem, Hans; Hartog, Joop - 2002

In the Netherlands auditors can be trained in a part-time educational track in which students combine working and … an important route for students from a lower socioeconomic background. …

Persistent link: https://www.econbiz.de/10010324997

How Risky is Investment in Human Capital?

Hartog, Joop; van Ophem, Hans; Bajdechi, Simona Maria - 2004

The risk of investment in schooling has largely been ignored. We assess thevariance in the rate of return by surveying the international empirical literature from this freshperspective and by simulating risky earnings profiles in alternative options. choosingparameters on basis of the very...

Persistent link: https://www.econbiz.de/10010325203

Nash Bargaining and the Wage Consequences of Educational Mismatches

Hartog, Joop; Sattinger, Michael - 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/10010326479

Earnings Risk and Demand for Higher Education

Hartog, Joop; Serrano, Luis Diaz - 2002

We develop a simple human capital model for optimum schooling length when earnings are stochastic, and highlight the pivotal role of risk attitudes and the schooling gradient of earnings risk. We use Spanish data to document the gradient and to estimate individual response to earnings risk in...

Persistent link: https://www.econbiz.de/10010325016

If you are so smart, why aren't you an Entrepreneur?

Hartog, Joop; van Praag, Mirjam; van der Sluis, Justin - 2008

generates a higher income, but only for entrepreneurs: This finding supports Lazear's Jack-of-all-Trades theory. …

Persistent link: https://www.econbiz.de/10010325829

Genetic Fortune: Winning or Losing Education, Income, and Health

Kweon, Hyeokmoon; Burik, Casper A.P.; Karlsson Linnér, … - 2020

We develop a polygenic index for individual income and examine random differences in this index with lifetime outcomes … in a sample of ~35,000 biological siblings. We find that genetic fortune for higher income causes greater socio … education, income, and health are partly due the outcomes of a genetic lottery. However, the consequences of different genetic …

Persistent link: https://www.econbiz.de/10012427153

Disparities in socio-economic status and BMI in the UK are partly due to genetic and environmental luck

Burik, Casper A.P.; Kweon, Hyeokmoon; Koellinger, Philipp D. - 2021

Two family-specific lotteries take place during conception— a social lottery that determines who our parents are and … which environment we grow up in, and a genetic lottery that determines which part of their genomes our parents pass on to us … socioeconomic status. Here, we estimate a lower bound for the relevance of these two lotteries for differences in education, income …

Persistent link: https://www.econbiz.de/10012606001