It's the Opportunity Cost, Stupid! How Self-Employment Responds to Financial Incentives of Return, Risk and Skew
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Other versions of this item:
- Peter Berkhout & Joop Hartog & Mirjam van Praag, 2011. "It's the Opportunity Cost, stupid! How Self-Employment responds to Financial Incentives of Return, Risk and Skew," Tinbergen Institute Discussion Papers 11-165/3, Tinbergen Institute.
References listed on IDEAS
- Joseph Golec & Maurry Tamarkin, 1998. "Bettors Love Skewness, Not Risk, at the Horse Track," Journal of Political Economy, University of Chicago Press, vol. 106(1), pages 205-225, February.
- Barton H. Hamilton, 2000. "Does Entrepreneurship Pay? An Empirical Analysis of the Returns to Self-Employment," Journal of Political Economy, University of Chicago Press, vol. 108(3), pages 604-631, June.
More about this item
Keywordsentrepreneurship; self-employment; wage-employment; income distribution; income risk; income skew; income variance; occupational choice; labor market entry; labor market segments; opportunity cost;
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-ALL-2011-12-13 (All new papers)
- NEP-ENT-2011-12-13 (Entrepreneurship)
- NEP-HRM-2011-12-13 (Human Capital & Human Resource Management)
- NEP-LAB-2011-12-13 (Labour Economics)
- NEP-LMA-2011-12-13 (Labor Markets - Supply, Demand, & Wages)
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