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We combine two empirical observations in a general equilibrium occupational choice model. The first is that 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...
Persistent link: https://www.econbiz.de/10011256430
This paper examines how productivity effects of human capital and innovation vary at different points of the conditional productivity distribution. Our analysis draws upon two large unbalanced panels of 6,634 enterprises in Germany and 14,586 enterprises in the Netherlands over the period...
Persistent link: https://www.econbiz.de/10011256679
Availability of (partial) insurance mechanisms is arguably important for the decision of (riskaverse) workers to start up a risky entrepreneurial venture. Using administrative data from Denmark, where unemployment insurance (UI) is available to both wage earners and self-employed on a voluntary...
Persistent link: https://www.econbiz.de/10011255609
parental entrepreneurship increases the probability of children's entrepreneurship by about 60%. We further show that for …-birth factors (biological parents). The sum of these two effects for adopted children is almost identical to the intergenerational … transmission of entrepreneurship for own-birth children. We explore several candidate explanations for this important post …
Persistent link: https://www.econbiz.de/10011256277
We analyze a general search model with on-the-job search and sorting of heterogeneous workers into heterogeneous jobs. This model yields a simple relationshipbetween (i) the unemployment rate, (ii) the value of non-market time, and (iii) themax-mean wage differential. The latter measure of wage...
Persistent link: https://www.econbiz.de/10011257030
Using 'search' theory, technology adoption is conceived of as a critical factor in the aftermath of a technological shock, which increases employment in the leading sectors and total output in the economy. These implications are further investigated in the present paper, both formally and...
Persistent link: https://www.econbiz.de/10011257423
This discussion paper led to a publication in <A href="http://www.jstor.org/stable/full/10.1086/660798">'The Journal of Labor Economics'</A>, 29(4), 859-92.<p>This paper uses a relatively new approach to investigate the effect of parents' schooling on child's schooling; a nonparametric bounds analysis based on Manski and Pepper (2000), using the most recent...</p></a>
Persistent link: https://www.econbiz.de/10011257435
An advantage of collective wage agreement is that search and business-stealing externalities can be internalized. A disadvantage is that it takes more time before an optimal allocation is reached because more productive firms (for a particular worker type) can no longer signal this by posting...
Persistent link: https://www.econbiz.de/10011257565
This discussion paper resulted in a publication in <I>Empirica</I>, 40, 607-34. Ample evidence is available for the effect of competition on educational quality as only a few countries allow large scale competition. In the Netherlands free parental choice is present since the beginning of the 20th...</i>
Persistent link: https://www.econbiz.de/10011255954
explains the common finding that a substantial share of individuals starts working immediately upon graduation. We estimate the …
Persistent link: https://www.econbiz.de/10011255962