Showing 1 - 10 of 114
A model of occupational choice and human capital investment is developed and tested. The model allows family background to influence occupational choice via access to economic resources, differences in costs of schooling, and ability uncertainty. The model predicts that people are more sensitive...
Persistent link: https://www.econbiz.de/10005190636
Can educational institutions explain occupational choice between wage employment and entrepreneurship? This paper follows Lazear's (2005) Jack-of-all-trades hypothesis according to which an individual with a more balanced set of abilities is more likely to enter into entrepreneurship. In the...
Persistent link: https://www.econbiz.de/10005025459
entrepreneurs have more control than employees over the employment of and accruals from assets, such as human capital. The second … observation is that entrepreneurs enjoy higher returns to human capital than employees. We present an intuitive model showing that … for higher returns to human capital for entrepreneurs. …
Persistent link: https://www.econbiz.de/10004963483
Recent research has shown that entrepreneurs who start incorporated firms are fundamentally different from … entrepreneurs who start sole proprietorships. This difference suggests that incorporation status may distinguish the self …-employed with no ambition to hire from entrepreneurs who plan to hire others.In this paper, we show that this intuition is correct …
Persistent link: https://www.econbiz.de/10011196681
A model of occupational choice and human capital investment is developed and tested. The model allows family background to influence occupational choice via access to economic resources, differences in costs of schooling, and ability uncertainty. The model predicts that people are more sensitive...
Persistent link: https://www.econbiz.de/10005639312
find that individuals with higher measured intelligence and self-confidence are more likely to be entrepreneurs …
Persistent link: https://www.econbiz.de/10009358944
that these hybrid entrepreneurs represent a significant share of all entrepreneurial activity. Theoretical arguments are …
Persistent link: https://www.econbiz.de/10008520888
We estimate the effect of college education on business survival using the NLSY79. The endogeneity of both education and business ownership is accounted for by a competing risks duration model augmented with a college selection equation. Contrary to the previous literature, we fi…nd no effect...
Persistent link: https://www.econbiz.de/10011099536
The classical Roy-model of selection on the labor market is extended in order to analyze intergenerational mobility. This is done by linking ability uncertainty to family background. I derive implications for the allocation of talent and for background dependent earnings patterns within...
Persistent link: https://www.econbiz.de/10005419545
-employment sometimes differs diametrically depending on source. Sweden is occasionally erroneously reported to show the largest increase in …
Persistent link: https://www.econbiz.de/10008511660