We investigate the major choice of college graduates where we make choice dependent on expected initial wages and … expected real wage growth and expected initial wages across majors. Furthermore, the differences in these expectations appear …

industry of employment. A bad experience with, for instance, pay, work pressure, or job duties makes a change in industry more …

-offer distribution from the effect of the time since the last lay-off on wages. This methodology is applied to the NLSY 79. We find …

entrepreneurs have more control than employees over the employment of and accruals from assets, such as human capital. The second …

individual wages, but always raises the averagewage and depresses the average incomes of incumbent entrepreneurs- strictly so if … economy and may be applied to explain low returns to self-employment. …

through self-employment and modest, but significantly positive, for incorporated startups. …Empirical studies show low pecuniary returns of switching from wage employment to entrepreneurship. We reconsider the …

founder(s). The analysis is based on matched employer-employee data and covers about 5,300 startups in manufacturing … industries founded by individuals coming from employment between 1992 and 2007. We acknowledge that initial hiring decisions are … endogenous and correlated with the human capital of the founders and the ownership structure of startups (single founder versus …

We study a unique sample of 1,547 nascent entrepreneurs in Germany and analyze which factors are associated with their … individuals starting a business after a period of long-term unemployment and those individuals with a lack of better employment …

generalists and specialists to possess skill variety. Third, we test our model empirically using data from Germany and the …

wages reflect this, with lower pay for greater uncertainty. We use the dispersion of exam grades within a field of education … as an indicator of the unobserved heterogeneity that employers face. We find solid evidence that starting wages are lower …