This paper presents results on human capital accumulation for the Swiss economy. We find that the index of labor quality has grown at a rate of 0.5% per year from 1991 to 2006. The main sources are the growth in average levels of education and the passing of the baby boom cohort through the age...

Human capital is no doubt one of the most important factors for future economic growth and well-being. However, human capital is also prone to becoming obsolete over time. Skills that have been acquired at one point in time may perfectly match the skill requirements at that time but may become...

In 1997, to deal with the challenges of globalization and the increased demand for skills, Denmark introduced a very generous apprenticeship subsidy for adults of 25 years and above. The aim of the adult apprenticeship subsidy (AAS) was to increase vocational skills among people with low...