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generates a higher income, but only for entrepreneurs: This finding supports Lazear's Jack-of-all-Trades theory. -- (Non …-)cognitive abilities ; intelligence, earnings ; entrepreneur(ship) ; wage employment ; income differentials …
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We develop a simple human capital model for optimum schooling length when earnings are stochastic, and highlight the pivotal role of risk attitudes and the schooling gradient of earnings risk. We use Spanish data to document the gradient and to estimate individual response to earnings risk in...
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the compensation paid. In particular, because the degree of risk aversion ought to decrease with income, people should …
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