Entrepreneurship, wage employment and control in an occupational choice framework

Arbeitspapier

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 human capital than employees. We present an intuitive model showing that more control (observation 1) may be an explanation for higher returns (observation 2); its main outcome is that returns to ability are higher in higher control environments. This provides a theoretical underpinning for the control-based explanation for higher returns to human capital for entrepreneurs.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: IZA Discussion Papers ; No. 4211

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Entrepreneurship ; Education and Research Institutions: General ; Human Capital; Skills; Occupational Choice; Labor Productivity ; Wage Level and Structure; Wage Differentials
• Thema: Entrepreneurship ; ability ; occupational choice ; human capital ; wage structure ; Berufswahl ; Unternehmer ; Selbstständige ; Angestellte ; Humankapital ; Lohnstruktur ; Bildungsertrag ; Allgemeines Gleichgewicht ; Theorie

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Douhan, Robin ; van Praag, C. Mirjam
• Ereignis: Veröffentlichung
• (wer): Institute for the Study of Labor (IZA)
• (wo): Bonn
• (wann): 2009

Weitere Informationen

• Handle: http://hdl.handle.net/10419/35594
• URN: urn:nbn:de:101:1-2009061960
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ