This study investigates the impact of finishing versus dropping out of college on self-esteem. Using data spanning three decades from the U.S. National Longitudinal Survey of Youth, we find that dropping out of a four-year college significantly decreases self-esteem compared to graduating. In...

Keeping up with rapid technological change necessitates constant innovation. Successful innovation depends on both incumbent workers’ knowledge, based on experience, and knowledge about the latest technologies, along with the skills needed to implement them. Both of these knowledge-based...

This paper examines whether high quality, curriculum-based training at the workplace makes firms more innovative. Our dependent variable innovativeness is operationalized with four different measures: general innovation, product innovation, process innovation and patent applications. As...

The New Institutional Economics made various contributions to the field of innovation management. Two specific areas of contribution are highlighted in this paper. The discussion of intellectual property protection starts with the classical concept of balancing the incentives to create new ideas...

Are initial competitive advantages self-reinforcing, so that markets exhibit an endogenous tendency to be dominated by only a few firms? Although this question is of great economic importance, no systematic empirical study has yet addressed it. Therefore, we examine experimentally whether firms...

The paper assess the potential free-riding of non-training firms on the training efforts of training firms and analyses differences in recruitment of apprenticeship graduates trained elsewhere between training and non-training firms. The paper shows that only 5.6 per cent of non-training firms...

This paper examines spillover effects from education at the firm level, separating the effects for different levels and types of education and allowing for a curvilinear relationship. Modeling a Cobb-Douglas production function, we show that wages of tertiary-educated workers depend positively...

This paper analyses the effects of work-related training on worker productivity. To identify the causal effects from training, we combine a field experiment that randomly assigns workers to treatment and control groups with panel data on individual worker performance before and after training....

This paper for the first time jointly analyses the consequences of adverse selection, signalling and indices on entry wages of skilled employees. It uses German linked employer employee panel data (LIAB) and introduces a measure for relative productivity of skilled job applicants based on...

Der Beitrag untersucht Effekte der Alterung von Beschäftigten auf die betriebliche Produktivität. Anhand des LIAB, eines verknüpften Arbeitnehmer-Arbeitgeber Datensatzes mit Panel-Struktur, kann für Deutschland empirisch gezeigt werden, dass der Alterseffekt auf die Produktivität von...