Philip II of Spain accumulated debts equivalent to 60% of GDP. He also defaulted four times on his short-term loans, thus becoming the first serial defaulter in history. Contrary to a common view in the literature, we show that lending to the king was profitable even under worst-case scenario...

The demand for skilled trade persons in Canada is very strong and new apprenticeship registrations increased by threefold between 1991 and 2007. The number of apprenticeship completions however, did not increase and as a result average completion rates have dropped over the same period. A CLSRN...

The last decade has seen an increasing volume of research that reveals significant gaps in literacy and Essential Skills (LES) among the Canadian workforce. In addition to having negative impacts on firms’ productivity, research also suggests that workers suffer consequences of low...