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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 of and accruals from assets, such as human capital. The second observation is that entrepreneurs enjoy higher returns to...
Persistent link: https://www.econbiz.de/10010277016
This paper reviews Jacob Mincer?s contributions to the analyses of earnings and the distribution of earnings through his pioneering focus on labor market experience or on-the-job training. It begins with a brief discussion of the theoretical literature on the distribution of earnings in the...
Persistent link: https://www.econbiz.de/10010261574
Mobility of workers involves flows of labour, human capital and other production factors and thus contributes to a more efficient allocation of resources. Besides these effects on allocative efficiency, migrant flows affect relative wages and also change the international and national...
Persistent link: https://www.econbiz.de/10010268676
We estimate a dynamic programming model of schooling decisions in which the degree of risk aversion can be inferred from schooling decisions. In our model, individuals are heterogeneous with respect to school and market abilities but homogeneous with respect to the degree of risk aversion. We...
Persistent link: https://www.econbiz.de/10010262728
How valuable is education for entrepreneurs' performance as compared to employees'? What might explain any differences …? And does education affect peoples' occupational choices accordingly? We answer these questions based on a large panel of … US labor force participants. We show that education affects peoples' decisions to become an entrepreneur negatively. We …
Persistent link: https://www.econbiz.de/10010277025
increase appears to be related to an increased demand for skilled labour and an increase in the returns to education. In this … paper we examine what has happened to earnings inequality and the returns to education in Ireland between 1987 and 1997. We …
Persistent link: https://www.econbiz.de/10010262376
This paper studies how portable skill accumulated in the labor market are. Using rich data on tasks performed in occupations, we propose the concept of task-specific human capital to measure the transferability of skills empirically. Our results on occupational mobility and wages show that labor...
Persistent link: https://www.econbiz.de/10010268280
This paper adds to the small literature on the consequences of education-occupation mismatches. It examines the income … penalty for field of education-occupation mismatches for men and women with higher education in Sweden and reveals that the …, at least for Swedish men. The income penalty for men decreases with work experience which is an indication that education …
Persistent link: https://www.econbiz.de/10010268966
, overall, education and labor market experience accumulated in the home countries of the immigrants receive significantly lower …
Persistent link: https://www.econbiz.de/10010271804
extremely low rate of return on education, but that the return increased dramatically and equally in all ownership categories of …
Persistent link: https://www.econbiz.de/10010275906