moments of the distributions of earnings, employment and wage shocks across individuals. Our main finding is that …

. 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 our main hypothesis that any relative labor-market advantage of … vocational education decreases with age, we employ a difference-in-differences approach that compares employment rates across …

How skills acquired in vocational education and training (VET) affect wages and employment is not clear. We develop and … wages. We find that firms value cognitive skills on average almost twice as much as interpersonal and manual skills, and … they prize complementarity in cognitive and interpersonal skills. The average return to VET skills in hourly wages is 9 …

, we observe interesting patterns in the skill composition, employment opportunities and wages for migrants to the …

provision of labour market relevant information by former coworkers affects the employment probabilities and, if hired, the … wages of male workers who have previously become unemployed as the result of an establishment closure. To identify the … results suggest a strong positive effect of a higher employment rate in a worker’s network of former coworkers on his re-employment …

problem, we introduce a triple mechanism involving political information markets, reelection threshold contracts, and … democratic elections. An information market is used to predict the long-term performance of a policy, while threshold contracts …

rigid, non discretionary contracts. Delegation grants some flexibility in the choice of the action by the agent, but also … again implies that the higher the degree of imprecision aversion the less profitable flexible contracts versus rigid ones …

, the timing and causes of the fairs' decline, and the institutions for securing property rights and enforcing contracts at …

We examine the power of incentives in bureaucracies by studying contracts offered by a bureaucrat to her agent. The …-powered incentives remain even in an alternative centralized setting, where the funding authority contracts directly with the agent using …

show how the law of insurance contracts should allow insurers to incentivize policyholders to exert an adequate level of …