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Abolishing GDP
Bergh, Jeroen C.J.M. van den - Tinbergen Institute - 2007
Expectations and information about the growth of GDP per capita have a large influence on decisions made by private and public economic agents. It will be argued here that GDP (per capita) is far from a robust indicator of social welfare, and that its use as such must be regarded as a serious...
Persistent link: https://www.econbiz.de/10005137102
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Determinants of the Regional Demand for Higher Education
Sá, Carla; Florax, Raymond J.G.M.; Rietveld, Piet - Tinbergen Institute - 2003
Studies on the determinants of the demand for higher education typically emphasize the relevance of socio-economic factors, but leave the spatial dimensions of the prospective students’ university choices largely unexplored. In this study, we investigate the determinants of university entrance...
Persistent link: https://www.econbiz.de/10005137033
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Education, Growth and Income Inequality
Teulings, Coen N.; Rens, Thijs van - Tinbergen Institute - 2002
Estimates of the effect of education on GDP (the social return) have been hard to reconcile with micro evidence on the private return to schooling. We present a simple explanation combining two ideas: imperfect substitution and endogenous skill-biased technological progress and use cross-country...
Persistent link: https://www.econbiz.de/10005042232
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The Entrepreneur's Mode of Entry: Business Takeover or New Venture Start?
Parker, Simon C.; Praag, C. Mirjam van - Tinbergen Institute - 2006
We analyse the decision to become an entrepreneur by either taking over an established business or starting a new venture from scratch. A model is developed which predicts how several individual- and firm-specific characteristics influence entrepreneurs' entry mode. The new venture creation mode...
Persistent link: https://www.econbiz.de/10005209489
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Capital Market Failure, Adverse Selection and Equity Financing of Higher Education
Jacobs, Bas; Wijnbergen, Sweder J.G. van - Tinbergen Institute - 2005
We apply theories of capital market failure to ana1yze
Persistent link: https://www.econbiz.de/10005209498
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Risk, Balanced Skills and Entrepreneurship
Hsieh, Chihmao; Parker, Simon C.; Praag, C. Mirjam van - Tinbergen Institute - 2011
This paper proposes that risk aversion encourages individuals to invest in balanced skill profiles, making them more likely to become entrepreneurs. By not having taken this possible linkage into account, previous research has underestimated the impacts both of risk aversion and balanced skills...
Persistent link: https://www.econbiz.de/10009399735
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Returns for Entrepreneurs versus Employees: The Effect of Education and Personal Control on the Relative Performance of Entrepreneurs vis-à-vis Wage Employees
Praag, Mirjam van; Witteloostuijn, Arjen van; Sluis, … - Tinbergen Institute - 2009
spells in entrepreneurship versus wage employment, thereby accounting for selectivity into entrepreneurial positions based on …) constraints faced by entrepreneurs when optimizing the profitable employment of their education. Entrepreneurs have more personal … control over the profitable employment of their human capital than wage employees. …
Persistent link: https://www.econbiz.de/10008513241
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Illegal Entrepreneurship Experience
Aidis, Ruta; Praag, Mirjam van - Tinbergen Institute - 2004
Existing studies show a positive relationship between entrepreneurs' business performance and their conventional human capital as measured by previous business experience and formal education. In this paper, we explore whether illegal entrepreneurship experience (IEE), an unconventional form of...
Persistent link: https://www.econbiz.de/10005136903
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Optimal Taxation of Human Capital and Credit Constraints
Jacobs, Bas - Tinbergen Institute - 2002
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
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Human Capital and Retirement
Alders, Peter - Tinbergen Institute - 1999
This paper investigates the relation between human capital and retirement when the age of retirement is endogenous. This relation is examined in a life-cycle earnings model. An employee works full time until retirement. The worker accumulates human capital by training- on-the-job and by...
Persistent link: https://www.econbiz.de/10005137256