This paper presents a non-technical overview of the recent investment literature with a special emphasis on the connection between technological progress and the investment decision. First of all, we acknowledge that some dramatic advances have been made in the 1990s in understanding and...

The paper analyses the applicability of vocational training and the earnings of apprentices using survey data from West Germany in 1979, 1985/86 and 1991/92. The applicability has decreased remarkably between 1979 and 1991/92. The objective of the analysis is a survey-data-based assessment of...

The impact of technology on the demand for heterogeneous labor is controversely discussed throughout the literature. New technology which is said to favor high skilled labor and to substitute low skilled labor is often considered as the main reason for the decline in relative demand for low...