Do Dutch dentists extract monopoly rents?

dc.contributor.author	Ketel, Nadine
dc.contributor.author	Leuven, Edwin
dc.contributor.author	Oosterbeek, Hessel
dc.contributor.author	van der Klaauw, Bas
dc.date.accessioned	2018-02-21T10:06:57Z
dc.date.available	2018-02-21T10:06:57Z
dc.date.issued	2018-02
dc.identifier.issn	1403-2465
dc.identifier.uri	http://hdl.handle.net/2077/55602
dc.description	JEL: J44; I18; I23; C36	sv
dc.description.abstract	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.	sv
dc.format.extent	35	sv
dc.language.iso	eng	sv
dc.relation.ispartofseries	Working Papers in Economics	sv
dc.relation.ispartofseries	721	sv
dc.subject	Dentists	sv
dc.subject	returns to education	sv
dc.subject	monopoly rents	sv
dc.subject	random assignment	sv
dc.title	Do Dutch dentists extract monopoly rents?	sv
dc.type	Text	sv
dc.type.svep	report	sv
dc.contributor.organization	Dept. of Economics, University of Gothenburg	sv