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Why Do We Ignore the Risk in Schooling Decisions?

Hartog, Joop; Diaz-Serrano, Luis - Institute for the Study of Labor (IZA) - 2014

While uncertainty abounds in almost any decision on investment in schooling, it is mostly ignored in research and virtually absent in labour economics text books. This paper documents the scope for risk, discusses the tough disentanglement of heterogeneity and risk, surveys the analytical...

Persistent link: https://www.econbiz.de/10010761640

Nash Bargaining and the Wage Consequences of Educational Mismatches

Hartog, Joop; Sattinger, Michael - Institute for the Study of Labor (IZA) - 2012

The paper provides a theoretical foundation for the empirical regularities observed in estimations of wage consequences of overeducation and undereducation. Workers with more education than required for their jobs are observed to suffer wage penalties relative to workers with the same education...

Persistent link: https://www.econbiz.de/10010959628

Compensation for Earnings Risk under Worker Heterogeneity

Berkhout, Peter; Hartog, Joop; Webbink, Dinand - Institute for the Study of Labor (IZA) - 2006

We use two large Dutch datasets to estimate the Risk Augmented Mincer equation and test for risk compensation in expected earnings. We replicate earlier findings of a positive premium for risk and a negative premium for skew and add confirmation of the key results if we control for individual...

Persistent link: https://www.econbiz.de/10005761743

Starting Wages Respond to Employer’s Risk

Berkhout, Peter; Hartog, Joop - Institute for the Study of Labor (IZA) - 2007

wages to reflect this. Formal analysis supports the intuition. We use the dispersion of exam grades within a field of … education as an indicator of the heterogeneity that employers face. We find solid evidence that starting wages are lower if the … variance of exam grades is higher and that starting wages are lower if the skew is higher: employers shift quality risk to new …

Persistent link: https://www.econbiz.de/10005762071

Dual Track or Academic Route for Auditors: Does It Matter?

Hartog, Joop; Jonker, Nicole; van Ophem, Hans - Institute for the Study of Labor (IZA) - 2002

make it easier for them to switch employers than for the part-time educated auditors. The predictions on tenure and wages … of differently educated auditors are supported by the estimation results in this paper. The part-time, dual track appears …

Persistent link: https://www.econbiz.de/10005763540

Overeducation, Wages and Promotions within the Firm

Groeneveld, Sandra; Hartog, Joop - Institute for the Study of Labor (IZA) - 2003

We analyse data from personnel records of a large firm producing energy and telecommunication and test for the effect of deviations between required and attained education of workers. Required education is measured as hiring standards set by the firm. We find the usual effects of over- and...

Persistent link: https://www.econbiz.de/10005763556

The Effect of Immigration on Wages in Three European Countries

Hartog, Joop; Zorlu, Aslan - Institute for the Study of Labor (IZA) - 2002

We extend the Altonji and Card (1991) framework for analysing the impact of immigrants on natives’ wages from two to … small effects on natives’ wages and no dominant robust patterns of substitution and complementarity. Effects on wages of …

Persistent link: https://www.econbiz.de/10005566668