Do Dutch dentists extract monopoly rents?
Nadine Ketel (),
Edwin Leuven (),
Hessel Oosterbeek () and
Bas van der Klaauw
No 12738, CEPR Discussion Papers from C.E.P.R. Discussion Papers
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.
Keywords: dentists; monopoly rents; random assignment; Returns to education (search for similar items in EconPapers)
JEL-codes: C36 I18 I23 J44 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-edu, nep-eur and nep-lma
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed
Downloads: (external link)
CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at email@example.com
Journal Article: Do Dutch dentists extract monopoly rents? (2019)
Working Paper: Do Dutch dentists extract monopoly rents? (2018)
Working Paper: Do Dutch Dentists Extract Monopoly Rents? (2018)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:cpr:ceprdp:12738
Ordering information: This working paper can be ordered from
http://www.cepr.org/ ... rs/dp.php?dpno=12738
Access Statistics for this paper
More papers in CEPR Discussion Papers from C.E.P.R. Discussion Papers Centre for Economic Policy Research, 33 Great Sutton Street, London EC1V 0DX.
Bibliographic data for series maintained by ().