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ability has a stronger impact on entrepreneurial incomes than on wages. Entrepreneurs and employees benefit from different … sets of specific abilities: Language and clerical abilities have a stronger impact on wages, whereas mathematical, social … generates a higher income, but only for entrepreneurs: This finding supports Lazear's Jack-of-all-Trades theory. …
Persistent link: https://www.econbiz.de/10011376647
We develop a simple human capital model for optimum schooling length when earnings are stochastic, and highlight the pivotal role of risk attitudes and the schooling gradient of earnings risk. We use Spanish data to document the gradient and to estimate individual response to earnings risk in...
Persistent link: https://www.econbiz.de/10011327826
the compensation paid. In particular, because the degree of risk aversion ought to decrease with income, people should … finds supportive evidence: wages rise with occupational earnings variance and decrease with skewness. In order to identify …
Persistent link: https://www.econbiz.de/10011405939
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wages reflect this, with lower pay for greater uncertainty. We use the dispersion of exam grades within a field of education … as an indicator of the unobserved heterogeneity that employers face. We find solid evidence that starting wages are lower …
Persistent link: https://www.econbiz.de/10011378868
This study investigates the extent of labour market competition among nativeDutch workers and ethnicminorities, using … national survey of the SEO and the Population statistics ofthe CBS. Firstly, the directeffect of immigrants on local labour … wages of less skilled natives and a small positive effecton the wages of high skilledworkers as new immigrants are less …
Persistent link: https://www.econbiz.de/10011303323
The Netherlands is an example of a highly institutionalized labor market that places considerable attention on equity concerns. The government and social partners (unions and industry associations) seek to adjust labor market arrangements to meet the challenges of increased international...
Persistent link: https://www.econbiz.de/10011777184
wages given up as an employee.Information on income from self-employment is of inferior quality and this is not just … it is not only the location of an income distribution thatmatters and that dispersion and (a)symmetry should not be …
Persistent link: https://www.econbiz.de/10009496228
We develop a simple human capital model for optimum schooling length when earnings are stochastic, and highlight the pivotal role of risk attitudes and the schooling gradient of earnings risk. We use Spanish data to document the gradient and to estimate individual response to earnings risk in...
Persistent link: https://www.econbiz.de/10011415073