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Do students expect compensation for wage risk?
Schweri, Juerg; Hartog, Joop; Wolter, Stefan C. - 2009
We use a unique data set about the wage distribution that Swiss students expect for themselves ex ante, deriving … which handicapped the use of actual market wage dispersion as risk measure in earlier studies. Students in our sample … risk as expected by students we find compensation at similar elasticities as observed in market data. The results are …
Persistent link: https://www.econbiz.de/10010276690
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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
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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 the variance in the rate of return by surveying the international empirical literature from this fresh perspective and by simulating risky earnings profiles in alternative options, choosing parameters on basis of the very...
Persistent link: https://www.econbiz.de/10010261247
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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
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Compensating wage differentials for schooling risk in Denmark
Diaz-Serrano, Luis; Hartog, Joop; Skyt Nielsen, Helena - 2003
In this paper we test for risk compensation in wages using Danish panel data. With the conviction that the type of education is as important as the education length, we use a very detailed description of the type of education reached by the Danish population to calculate different measures of...
Persistent link: https://www.econbiz.de/10010261656
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Earnings Risk and Demand for Higher Education: A Cross-Section Test for Spain
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/10010262327
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It's the opportunity cost, stupid!: How self-employment responds to financial incentives of return, risk and skew
Berkhout, Peter; Hartog, Joop; van Praag, Mirjam - 2011
wages given up as an employee. Information on income from self-employment is of inferior quality and this is not just a … that it is not only the location of an income distribution that matters and that dispersion and (a)symmetry should not be …
Persistent link: https://www.econbiz.de/10010282326