Policy debates about the balance of vocational and general education programs focus on the school-to-work transition. But with rapid technological change, gains in youth employment from vocational education may be offset by less adaptability and thus diminished employment later in life. To test...

An emerging economic literature over the past decade has made use of international tests of educational achievement to analyze the determinants and impacts of cognitive skills. The cross-country comparative approach provides a number of unique advantages over national studies: It can exploit...

Existing estimates of the labor-market returns to human capital give a distorted picture of the role of skills across different economies. International comparisons of earnings analyses rely almost exclusively on school attainment measures of human capital, and evidence incorporating direct...

In modernen Wohlfahrtsstaaten wird das Marktgeschehen in starkem Maße durch die Politik beeinflusst. Indem der Staat Steuern einhebt und Staatsausgaben tätigt, beeinflusst er sowohl die Struktur und das Niveau der Produktion als auch die Einkommensverteilung und damit die Verteilung der...