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Why are the returns to education higher for entrepreneurs than for employees?

Sluis, Justin van der (contributor); … - 2007

We compare the returns to education (RTE) for entrepreneurs and employees, based on 19 waves of the NLSY database. By using instrumental variable techniques (IV) and taking account of selectivity, we find that the RTE are significantly higher for entrepreneurs than for employees (18.3 percent...

Persistent link: https://www.econbiz.de/10003561625

Returns for entrepreneurs vs. employees : the effect of education and personal control on the relative performance of entrepreneurs vs. wage employees

Praag, Mirjam van; Witteloostuijn, Arjen van; Sluis, … - 2009

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...

Persistent link: https://www.econbiz.de/10003926421

If you are so smart, why aren't you an entrepreneur? : returns to cognitive and social ability ; entrepreneurs versus employees

Hartog, Joop (contributor); Praag, Mirjam van (contributor); … - 2008

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 ability,...

Persistent link: https://www.econbiz.de/10003750288

A balancing act at times of austerity : matching the supply and demand for skills in the Greek labour market

Pouliakas, Konstantinos - 2014

This paper provides an evidence-based assessment of the current situation prevailing in the Greek market for skills and jobs. The synthesis of available skills intelligence for Greece, the country most severely affected by the global economic crisis of 2008, is crucial as it is currently faced...

Persistent link: https://www.econbiz.de/10010238208

Corporate training and skill gaps : did COVID-19 stem EU convergence in training investments?

Pouliakas, Konstantinos; Wruuck, Patricia - 2022

invest in their workforce, we examine transition patterns and employ dynamic panel data estimation. Finally, we analyze the … impact of the Covid-19 pandemic on firms' investment in workforce training and transitions in and out of training. We find … important element for firms and their workforce to adjust to the post-pandemic environment, asymmetries in training investment …

Persistent link: https://www.econbiz.de/10013260142

How useful is the concept of skills mismatch?

McGuinness, Séamus; Pouliakas, Konstantinos; Redmond, Paul - 2017

The term skill mismatch is very broad and can relate to many forms of labour market friction, including vertical mismatch, skill gaps, skill shortages, field of study (horizontal) mismatch and skill obsolescence. In this paper we provide a clear overview of each concept and discuss the...

Persistent link: https://www.econbiz.de/10011664385

Determinants of automation risk in the EU labour market : a skills-needs approach

Pouliakas, Konstantinos - 2018

This paper focuses on identifying determinants of "automatability risk", namely the propensity of EU employees being in jobs with high risk of substitutability by machines, robots or other algorithmic processes, and uncovers its impact on labour market outcomes. Using relevant data on tasks and...

Persistent link: https://www.econbiz.de/10011913466