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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

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

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

Earnings Risk and Demand for Higher Education: A Cross-Section Test for Spain

Hartog, Joop; Serrano, Luis Diaz - 2002

Persistent link: https://www.econbiz.de/10010262327

Do Wages Really Compensate for Risk Aversion and Skewness Affection?

Hartog, Joop; Vijverberg, Wim P. M. - 2002

the compensation paid. In particular, because the degree of risk aversion ought to decrease with income, people should …

Persistent link: https://www.econbiz.de/10010262821

If you are so smart, why aren't you an entrepreneur?: returns to cognitive and social ability ; entrepreneurs versus employees

Hartog, Joop; van Praag, C. 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/10010276994

If you are so smart, why aren't you an entrepreneur? Returns to cognitive and social ability ; entrepreneurs versus employees

Hartog, Joop; van Praag, C. 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/10010277011

Trade policy, income risk, and welfare

Krebs, Tom; Krishna, Pravin; Maloney, William - 2004

This paper studies empirically the relationship between trade policy and individual income risk faced by workers. The … analysis proceeds in three steps. First, longitudinal data on workers are used to estimate time-varying individual income risk … parameters in various manufacturing sectors. The estimated income risk parameters and data on trade barriers are then used to …

Persistent link: https://www.econbiz.de/10010318854

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

Income risk, income mobility and welfare

Krebs, Tom; Krishna, Pravin; Maloney, William F. - 2012

This paper develops a framework for the quantitative analysis of individual income dynamics, mobility and welfare …. Individual income is assumed to follow a stochastic process with two (unobserved) components, an i.i.d. component representing … measurement error or transitory income shocks and an AR(1) component representing persistent changes in income. We use a tractable …

Persistent link: https://www.econbiz.de/10010291378