In this paper, we study the role of occupational skills in individuals’ labor market transitions. Using rich data on … skills required in occupations, we introduce a concept of occupation-specific human capital and develop empirical measures … distance) suffer smaller wage losses than individuals with more distant moves. Thus, we show that skills are transferable …

the matching of individual skills and job requirements. …

lack of information. In a competing risks specification of the different educational choices, we find additional regional …

approach uses human capital theory with a regional component as a clear-cut framework for the analysis. It derives testable … of an apprenticeship. Regional impact factors also seem to have a decisive impact on the decision to drop out from …

capital is also prone to becoming obsolete over time. Skills that have been acquired at one point in time may perfectly match … experience-based tasks. Knowledgebased tasks demand skills depending on the actual stock of technological knowledge in a society … whereas experience-based tasks demand skills depending on personal factors and individual experience values. We show, by …