Der Übergang von der Schule in Ausbildung undBeschäftigung stellt heute für immer mehr Jugendliche ein Problem dar. Obwohl eine dualeAusbildung bei ihnen hohe Attraktivität besitzt, gelingt vielen der direkte Zugang nicht. Der gemeinsame Workshop „Politische Gestaltung des kommunalen...

This paper proposes that risk aversion encourages individuals to invest in balanced skillprofiles, making them more likely to become entrepreneurs. By not having taken this possiblelinkage into account, previous research has underestimated the impacts both of risk aversionand balanced skills on...

We study an economy where agents are heterogeneous in terms of observablewealth and unobservable talent. Adverse selection forces creditors to ask forcollateral. We study the two-way interaction between rationing in the creditmarket and the wages offered in the labor market. Both pooling and...

We study market inefficiencies and policy remedies when agents choose their occupations, and entrepreneurialtalent is subject to private information. Untalented entrepreneurs depress the returns to entrepreneurshipbecause of adverse selection. The severity of this problem depends on the outside...

We analyze a simple and tractable model of occupational choice in the presence of credit marketimperfections. We examine the effect of parameters governing technology and transaction costs, andhistory, in terms of the initial wealth distribution, in determining the long-term wealth...

This paper investigates the influence of personality traits on occupational choice using data of theGerman Socio‐Economic Panel. We conduct multinomial logit analyses to differentiate malemanagers, professionals, technicians, clerks, service workers, and manual workers with respect totheir...

In contrast to the very large literature on skill-biased technical change among workers, thereis hardly any work on the importance of skills for the entrepreneurs who employ thoseworkers, and in particular on their evolution over time. This paper proposes a simple theory ofskill-biased change in...

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 ofand accruals from assets, such as human capital. The second observation is thatentrepreneurs enjoy higher returns to...

The health consequences of child labor may take time to manifest themselves. This studyexamines whether children who began working at a young age experience increasedincidence of illness or physical disability as adults.. When child labor and schooling aretreated as chosen without consideration...

This paper employs United States Census data to study the occupational allocation ofimmigrants. The data reveal that the occupational shares of various ethnic groups havegrown drastically in regional labor markets over the period 1980 to 2000. We examine theextent to which this growth can be...