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 …

density. Using CPS data on wages and Census data on house prices, we find that this technology is consistent with the observed …

models, in which “unwarranted” wages changes and the return on capital are endogenously determined, do not necessarily …

Average wages are considerably lower in agriculture than in the other sectors. We document this fact for thirteen …

Previous empirical studies on the effect of age on productivity and wages find contradicting results. Some studies find … that if workers grow older there is an increasing gap between productivity and wages, i.e. wages increase with age while …