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Newman, Andrew - C.E.P.R. Discussion Papers - 2007

In the 'Knightian' theory of entrepreneurship, entrepreneurs provide insurance to workers by paying fixed wages and bear all the risk of production. This paper endogenizes entrepreneurial risk by allowing for optimal insurance contracts as well as the occupational self-selection. Moral hazard...

Persistent link: https://www.econbiz.de/10005504306

Occupational Choice Across Generations

Constant, Amelie; Zimmermann, Klaus F - C.E.P.R. Discussion Papers - 2004

like Germany occupations also reflect a general socio-economic standing. This Paper looks at the patterns of employment in …

Persistent link: https://www.econbiz.de/10005504309

What Makes an Entrepreneur and Does it Pay? Native Men, Turks and Other Migrants in Germany

Constant, Amelie; Shachmurove, Yochanan; Zimmermann, Klaus F - C.E.P.R. Discussion Papers - 2004

-employed individuals and understand their underlying drive into self-employment. At the same time we investigate how immigrant … that the probability of self-employment increases significantly with age for all groups albeit at a decreasing rate. Among … immigrants, Turks are twice as likely to choose self-employment as any other immigrant group. The age-earnings profiles of self …

Persistent link: https://www.econbiz.de/10005497816

Parenting with Style: Altruism and Paternalism in Intergenerational Preference Transmission

Doepke, Matthias; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 2014

We develop a theory of intergenerational transmission of preferences that rationalizes the choice between alternative parenting styles (as set out in Baumrind 1967). Parents maximize an objective function that combines Beckerian altruism and paternalism towards children. They can affect their...

Persistent link: https://www.econbiz.de/10011083685

When warm glow burns: Motivational (mis)allocation in the non-profit sector

Aldashev, Gani; Jaimovich, Esteban; Verdier, Thierry - C.E.P.R. Discussion Papers - 2014

We build an occupational-choice general-equilibrium model of an economy with the non-profit sector financed through private warm-glow donations. Lack of monitoring on the use of funds implies that an increase of funds of the non-profit sector (because of a higher income in the for-profit sector,...

Persistent link: https://www.econbiz.de/10011084421

Produce or Speculate? Asset Bubbles, Occupational Choice and Efficiency

Cahuc, Pierre; Challe, Edouard - C.E.P.R. Discussion Papers - 2009

We study the macroeconomic effects of rational asset bubbles in an overlapping-generations economy where asset trading requires specialized intermediaries and where agents freely choose between working in the production or in the financial sector. Frictions in the market for deposits create...

Persistent link: https://www.econbiz.de/10008557019

Occupational Choice and the Spirit of Capitalism

Doepke, Matthias; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 2007

The British Industrial Revolution triggered a reversal in the social order whereby the landed elite was replaced by industrial capitalists rising from the middle classes as the economically dominant group. Many observers have linked this transformation to the contrast in values between a...

Persistent link: https://www.econbiz.de/10005067409

Jewish Occupational Selection: Education, Restrictions or Minorities?

Botticini, Maristella; Eckstein, Zvi - C.E.P.R. Discussion Papers - 2004

This Paper documents the major features of Jewish economic history in the first millennium to explain the distinctive occupational selection of the Jewish people into urban, skilled occupations. We show that many Jews entered urban occupations in the eighth-ninth centuries in the Muslim Empire...

Persistent link: https://www.econbiz.de/10005662358

From Farmers to Merchants, Voluntary Conversions and Diaspora: A Human Capital Interpretation of Jewish History

Botticini, Maristella; Eckstein, Zvi - C.E.P.R. Discussion Papers - 2006

From the end of the second century C.E., Judaism enforced a religious norm requiring any Jewish father to educate his children. We present evidence supporting our thesis that this exogenous change in the religious and social norm had a major influence on Jewish economic and demographic history....

Persistent link: https://www.econbiz.de/10005788962

A Theory of Tolerance

Corneo, Giacomo; Jeanne, Olivier - C.E.P.R. Discussion Papers - 2006

We develop an economic theory of tolerance where styles of behaviour are invested with symbolic value. Value systems are endogenous and taught by parents to their children. In conjunction with actual behaviour, value systems determine the esteem enjoyed by individuals. Intolerant individuals...

Persistent link: https://www.econbiz.de/10005791394

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