Two firms, each consisting of a team with the owner and just oneemployee, compete on the labor market with free labor mobility. Afterobserving the investment decisions by firm owners their employees canengage in costly training, thus increasing their general and firm-specificproductivity, which...

Frontmatter -- Inhalt / Contents -- Editorial -- Abhandlungen/Original Papers -- Causal Returns to Education: A Survey on Empirical Evidence for Germany / Flossmann, Anton L. -- Heterogeneous Returns to Training / Kuckulenz, Anja / Maier, Michael -- Employment Protection: Its Effects on...