This paper is devoted to the rational behavior in the sense of the educational level choice. The theoretical model is based on the discounted flow of personal’s utility function covered the period of the education and future work. Maximizing the flow under the budget constraint we received differential equation included the rate of income grow after the acquisition of education. The solution is the Mincerian type equation. The main result of the model is that the persons with rapid growth of their earnings profile should have the smaller slope coefficients of schooling in the earnings equation. The empirical part of the research is based on the Russian Longitudinal Monitoring Survey (RLMS) data set. The theoretical results have been confirmed by the regression analysis. Splitting the RLMS sample according to the respondents’ wage profiles we received that highly educated agents unlike the unskilled workers have higher income but slighter slope earnings profiles. It means that the workers expected the high growth of their incomes after the schooling are less inclined to receive higher level of education. Otherwise the persons who expected high income on the job start justify their hopes, but come across the low growth of the incomes.
The level of self-employment among immigrants is often higher than among natives. The purpose of this paper was to test empirically whether selective migration with respect to entrepreneurial characteristics may explain this difference. The relevant hypotheses were tested comparing representative samples of Russian immigrants in Norway and their stay-at-home counterparts. Data from the Russian population came from the 2008 GEM study, while data on Russian immigrants in Norway were collected through a specially designed postal survey. The analysis revealed some demographic dissimilarity between the two groups, as well as a presence of selective migration with respect to entrepreneurial characteristics. This study demonstrates that immigrants (as compared to non-migrants) are more likely to report intentions to start a business. Moreover, they possess relatively large amount of specific human capital, social capital and self-confidence relevant for entrepreneurship. The paper concludes with proposed practical implications and suggestions for further research.