Titelaufnahme

Titel
Do Dutch dentists extract monopoly rents? / Nadine Ketel (University of Gothenburg and IZA), Edwin Leuven (University of Oslo and IZA), Hessel Oosterbeek (University of Amsterdam), Bas van der Klaauw (VU University Amsterdam and IZA) ; IZA Institute of Labor Economics
VerfasserKetel, Nadine ; Leuven, Edwin ; Oosterbeek, Hessel ; Klaauw, Bas van der
KörperschaftForschungsinstitut zur Zukunft der Arbeit
ErschienenBonn, Germany : IZA Institute of Labor Economics, February 2018
Ausgabe
Elektronische Ressource
Umfang1 Online-Ressource (34 Seiten) : Diagramme
SerieDiscussion paper ; no. 11351
URLVolltext
URNurn:nbn:de:hbz:5:2-152341 
Zugänglichkeit
 Das Dokument ist öffentlich zugänglich im Rahmen des deutschen Urheberrechts.
Volltexte
Do Dutch dentists extract monopoly rents? [1 mb]
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Zusammenfassung

We exploit admission lotteries to estimate the payoffs to the dentistry study in the Netherlands. Using data from up to 22 years after the lottery, we find that in most years after graduation dentists earn around 50,000 Euros more than they would earn in their next-best profession. The payoff is larger for men than for women but does not vary with high school GPA. The large payoffs cannot be attributed to longer working hours, larger human capital investments or sacrifices in family outcomes. The natural explanation is that Dutch dentists extract a monopoly rent, which we attribute to the limited supply of dentists in the Netherlands. We discuss policies to curtail this rent.

Nutzungshinweis
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