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Earnings Functions, Rates of Return and Treatment Effects: The Mincer Equation and Beyond
Heckman, James J.; Lochner, Lance J.; Todd, Petra E. - Institute for the Study of Labor (IZA) - 2005
Numerous studies regress log earnings on schooling and report estimated coefficients as "Mincer rates of return". A more recent literature uses instrumental variables. This chapter considers the economic interpretation of these analyses and how the availability of repeated cross section and...
Persistent link: https://www.econbiz.de/10005763483
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Earnings-Tenure Profiles: Tests of Agency and Human Capital Theories Using Individual Performance Data
Kato, Takao; Dong, Xiao-Yuan; Jones, Derek C. - Institute for the Study of Labor (IZA) - 2007
By using a large new panel of individual data, including objective measures of worker performance, we provide some of … find that earnings-tenure profiles for employee owners are not upward-sloping but horizontal. In addition we find that pay-performance …
Persistent link: https://www.econbiz.de/10005822365
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Strategies, Uncertainty and Performance of Small Business Startups
Gelderen, A.M. van; Frese, M.; Thurik, A.R. - Erasmus Research Institute of Management (ERIM), ERIM … - 2000
Personal strategies of owners/founders of small business startups are related to performance and to environmental … strategy and performance. A discrimination is made between four strategies (reactive, critical point, complete planning and …
Persistent link: https://www.econbiz.de/10004972927
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Returns for Entrepreneurs vs. Employees: The Effect of Education and Personal Control on the Relative Performance of Entrepreneurs vs. Wage Employees
van Praag, Mirjam; van Witteloostuijn, Arjen; van der … - Institute for the Study of Labor (IZA) - 2009
How valuable is education for entrepreneurs' performance as compared to employees'? What might explain any differences … show furthermore that entrepreneurs have higher returns to education than employees (in terms of the comparable performance …
Persistent link: https://www.econbiz.de/10008558947