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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/10011378332
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, language ability) and social ability affect earnings of … entrepreneurs and employees differently?, and (3) Does the balance in these measured ability levels affect an individual's earnings …
Persistent link: https://www.econbiz.de/10011376647
model using a unique data set of individuals who completed undergraduate education in the Netherlands between 1995 and 2001 …. Our estimation results show that a 1 percent point decrease in unemployment rate increases wage offers with 3 percent …
Persistent link: https://www.econbiz.de/10011335207
This paper examines the evolution of the returns to education in Portugal over the 1980s andearly 1990s. The main … findings indicate that the returns to education have increased,particularly after joining the European Union in 1986. Since … this occurred along with anincrease in the level of education within the labour force, the process is most likely …
Persistent link: https://www.econbiz.de/10011300558
of differently educated auditors are supported by the estimation results in this paper. The part-time, dual track appears …
Persistent link: https://www.econbiz.de/10011327827
A wide class of models with On-the-Job Search (OJS) predicts that workers gradually select into better-paying jobs, until lay-off occurs, when this selection process starts over from scratch. We develop a simple methodology to test these predictions. Our inference uses two sources of...
Persistent link: https://www.econbiz.de/10011540616
Several studies have identified the impact of trade liberalization in developing countries on the return to education …. These studies have typically estimated the return to education in terms of changes in wages rather than employment … trade liberalization on the return to education taking into account both changes in wages and employment. The results show …
Persistent link: https://www.econbiz.de/10011386195
We investigate the major choice of college graduates where we make choice dependent on expected initial wages and expected wage growth per major. We build a model that allows us to estimate these factors semiparametrically and that corrects for selection bias. We estimate the model on the...
Persistent link: https://www.econbiz.de/10012228687
We examine how the gender of a sibling affects earnings, education and family formation. Identification is complicated … with sisters obtain lower education and give birth earlier than women with brothers. Our analysis shows that the family …
Persistent link: https://www.econbiz.de/10010532574
The validity of family background variables instrumenting education in income regressions has been much criticized. In … violations of the strong validity assumption affect the estimation results. We show that, in case of moderate direct effects of … (perfect validity of the instrument). The size of the bias is in many cases smaller than the standard error of education …
Persistent link: https://www.econbiz.de/10011381026