The risk of investment in schooling has largely been ignored. We assess the variance in the rate of return by surveying the international empirical literature from this fresh perspective and by simulating risky earnings profiles in alternative options. choosing parameters on basis of the very...

The risk of investment in schooling has largely been ignored. We assess thevariance in the rate of return by surveying the international empirical literature from this freshperspective and by simulating risky earnings profiles in alternative options. choosingparameters on basis of the very...

This paper presents a unified theory of human capital with both health capital and, what we term, skill capital endogenously determined within the model. By considering joint investment in health capital and in skill capital, the model highlights similarities and differences in these two...

There is no robust empirical support for the effect of financial incentives on the decision to work in selfemploymentrather than as a wage earner. In the literature, this is seen as a puzzle. We offer a focus on theopportunity cost, i.e. the wages given up as an employee. Information on income...

We use the method of Dominitz and Manski (1996) to solicit anticipated wagedistributions for continuing to a Master degree or going to work after completing theBachelor degree. The means of the distributions have an effect on intention to continue aspredicted by theory. The dispersions in these...

This discussion paper led to chapter <A href="https://books.google.nl/books?id=9TKgAgAAQBAJ&pg=PA327&lpg=PA327&dq=The+contribution+of+occupation+to+health+inequality&source=bl&ots=ARvoHIjbie&sig=HWA5I2mtJbsV_nJV5cvF6ixZmT0&hl=nl&sa=X&ei=FEj0VNbeGoHlUqjsgdgN&ved=0CDwQ6AEwAg#v=onepage&q=The%20contribution%20of%20occupation%20to%20health%20inequality&f=false">Health and Inequality</A>, pages 311-332 in: (P. Rosa Dias and O. O’Donnell (Eds)) Vol. 21 of 'Research on Economic Inequality', Emerald Group Publishing, 2013, 536 pages.<P> While it seems evident that occupations affect health, effect estimates are scarce. We...</p></a>

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...

Using two Dutch labour force surveys, employment assimilation of immigrants is examined. We observe marked differences between immigrants by source country. Non-western immigrants never reach parity with native Dutch. Even second generation immigrants never fully catch up. Caribbean immigrants,...

This paper presents a unified theory of human capital with both health capital and, what we term, skill capital endogenously determined within the model. By considering joint investment in health capital and in skill capital, the model highlights similarities and differences in these two...