This paper considers a setting in which the acquisition of human capital entails a change of location in social space that causes individuals to revise their comparison groups. Skill levels are viewed as occupational groups, and moving up the skill ladder by acquiring additional human capital,...

The majority of empirical studies make use of the assumption of stable preferences in searching for a relationship between risk attitude and the decision to become and stay an entrepreneur. Yet empirical evidence on this relationship is limited. In this paper, we show that entry into...

We study the impact of gender quotas on the acquisition of human capital. We assume that individuals' formation of human capital is influenced by the prospect of landing high-pay top positions, and that these positions are regulated by gender-specific quotas. In the absence of quotas, women...

Empirical studies use the assumption of stability in individual risk attitudes when searching for a relationship between attitude to risk and the decision to become and survive as an entrepreneur. We show that risk attitudes do not remain stable but face endogenous adaption when starting a new...

In der vorliegenden Studie wurden die Erwerbskarrieren von vier Geburtsjahrgängen im Abstand von jeweils 10 Jahren, für die aus den Daten des Dachverbands der Sozialversicherungsträger wesentliche Teile der Erwerbskarrieren ab dem potentiellen Arbeitsmarkteintritt mit 15 Jahren verfügbar...