The classical occupational choice model does not explain the simultaneous existence of low and high ability entrepreneurs. In this paper, we study the decision to become an entrepreneur when individuals choose their education level and the economic sector where to operate. We distinguish two...

This paper investigates the determinants of job satisfaction of university graduates in Spain. We base our analysis on Locke’s discrepancy theory [Locke (1969)] and decompose subjective evaluation of job characteristics into surplus and deficit levels. We also study the importance of...

This paper analyzes the effects of cognitive ability on job satisfaction. Using PIAAC data we explore whether job satisfaction predictors observed in the literature change their behavior once we control for cognitive ability, proxied by an explicit test of individual numeracy level. We show that...

This paper estimates, using a simultaneous equation model, the determinants of mortgage, including as a variable the tax saving due to the treatment of mortgage payments in Spanish income tax. We use an unusually rich data set obtained from a housing market intermediary with franchisers...