market. At the same time, education is a time-consuming process, and enrolment and dropout decisions depend on expected … in finding a job. Standard models of job search and education assume that skills can be upgraded instantaneously (and … mostly in the form of on-the-job training) at a fixed cost. This paper models education as a time-consuming process, a …

of deviations between required and attained education of workers. Required education is measured as hiring standards set …

becomes higher but there is no persistence of the supply shock. Higher education prevents this intertemporal multiplication of …

substitution of low education / high experience workers by low experience / high education workers by using US and French microdata … explain the changes in returns to experience. It also accounts for a part of the increase in returns to education between 1980 …: the elasticity of substitution between experience and education, which is found to be less than half. In France, the …

investigated by estimating a multinomial probit model. We find that education, age and gender strongly affect the probability of … increasingly large category of non-workers are the losers. Rates of return to education have increased but income function analysis …