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entrepreneurship to farming. The education effect that separates workers into self-employment and wage employment is stronger for women …
Persistent link: https://www.econbiz.de/10005144501
Human capital obtained through education has been shown to be one of the strongest drivers of entrepreneurship …. The value of other input factors, such as (knowledge) capital and labor is likely to be affected by the education level of … the possible stakeholders in the entrepreneur’s venture. The education distribution of the (local) population may thus …
Persistent link: https://www.econbiz.de/10008916007
apply to two jobs, there is a unique symmetric equilibrium where workers mix between sending both applications to the high … to both sectors. For many configurations, the equilibrium outcomes are the same under directed and random search so our …
Persistent link: https://www.econbiz.de/10005042233
This paper first documents the increase in the time lag with which labor input reacts to output fluctuations ("the labor adjustment lag") that is visible in US data since the mid-1980s. We show that a lagged labor adjustment response is optimal in a setting where there is uncertainty about the...
Persistent link: https://www.econbiz.de/10004964451
We study optimal linear income taxation in a model with heterogeneous agents where earnings potentials are endogenously determined through human capital accumulation. Agents differ in initial conditions and ability to learn. Capital market imperfections prevent poor agents to invest optimally in...
Persistent link: https://www.econbiz.de/10005137104
See 'On-The-Job Search, Mismatch and Efficiency', forthcoming in the 'Review of Economic Studies'.
Persistent link: https://www.econbiz.de/10005042235
How valuable is education for entrepreneurs’ performance as compared to employees’? What might explain any differences …? And does education affect peoples’ occupational choices accordingly? We answer these questions based on a large panel of … US labor force participants. We show that education affects peoples’ decisions to become an entrepreneur negatively. We …
Persistent link: https://www.econbiz.de/10008513241
capital as measured by previous business experience and formal education. In this paper, we explore whether illegal …
Persistent link: https://www.econbiz.de/10005136903
by 3.9% on average. Education enhances entrepreneurs' performance both directly—with a rate of return of 13.7%—and … education on entrepreneurs' performance is estimated to be 3.0–4.6%. …
Persistent link: https://www.econbiz.de/10005137017
How valuable are cognitive and social abilities for entrepreneurs’ incomes as compared to employees? We answer three questions: (1) To what extent does a composite measure of ability affect an entrepreneur's earnings relative to employees? (2) Do different cognitive abilities (e.g. math...
Persistent link: https://www.econbiz.de/10005137351