This paper reviews the theoretical and empirical literature on job market signalling and on education as a job market … importance of relative education as an explanatory variable in a Mincerian- style wage equation. I find the conclusions of this … method to be dependent on the reference group used in defining relative education. Consequently also the second method yields …

as well as international literature. A distinction is thereby made between the role and impact of the education system … that early-year education and ALMP measures are typically targeted at differently aged young people. Apart from young …