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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

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

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

Unobserved heterogeneity and risk in wage variance: Does schooling provide earnings insurance?

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

Persistent link: https://www.econbiz.de/10010278739

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

Dual Track or Academic Route for Auditors: Does It Matter?

Hartog, Joop; Jonker, Nicole; van Ophem, Hans - 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 lower socioeconomic background. …

Persistent link: https://www.econbiz.de/10010262328

Risk attitude and wage growth: replication and reconstruction

Budría, Santiago; Diaz-Serrano, Luis; … - 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/10010271888