on ex post outcomes impose a rational structure of expectations on school performance and post-graduation earnings … countries and check for relations of expected probability to graduate and of expected earnings with personal abilities and …

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 …

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 deciding on attending university education, by measuring risk as the …

finds supportive evidence: wages rise with occupational earnings variance and decrease with skewness. In order to identify … the compensation paid. In particular, because the degree of risk aversion ought to decrease with income, people should …

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 …

markets is considered. It is shown thatethnic minorities fromdeveloping countries have a positive effect on the earnings of … minoritiesfrom EU-countries may havea negative effect on the earnings of high skilled natives and a positive effecton the earnings of … low skillednatives. Secondly, the effect of an immigration flow by 5% of the total labourforce on native earnings …