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http://hdl.handle.net/10419/35594
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| Title: | | Entrepreneurship, wage employment and control in an occupational choice framework  |
| Authors: | | Douhan, Robin van Praag, C. Mirjam |
| Issue Date: | | 2009 |
| Series/Report no.: | | IZA discussion papers 4211 |
| Abstract: | | 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. |
| Subjects: | | Entrepreneurship ability occupational choice human capital wage structure |
| JEL: | | L26 I20 J24 J31 |
| Persistent Identifier of the first edition: | | urn:nbn:de:101:1-2009061960 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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