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Werner, Katharina; Woessmann, Ludger - 2021

If school closures and social-distancing experiences during the Covid-19 pandemic impeded children’s skill development, they may leave a lasting legacy in human capital. To understand the pandemic’s effects on school children, this paper combines a review of the emerging international...

Persistent link: https://www.econbiz.de/10013189581

Wage rigidities in Western Germany? : microeconometric evidence from the 1990s

Puhani, Patrick A. - 2001

This paper investigates whether and in what sense the west German wage structure has been 'rigid' in the 1990s. To test the hypothesis that a rigid wage structure has been responsible for rising low-skilled unemployment, I propose a methodology which makes less restrictive identifying...

Persistent link: https://www.econbiz.de/10013428419

Do fixed term contracts increase the long term employment opportunities of the unemployed?

Hagen, Tobias - 2003

Persistent link: https://www.econbiz.de/10013428583

Human capital creates insider power

Muysken, John; Zwick, Thomas - 1999

This paper demonstrates that insiders can erect barriers to entry and skim rents by sinking costs in human capital when labour markets are otherwise perfectly contestable. The sunk costs nature of human capital investments may result from the need to satisfy ever increasing specialised skill...

Persistent link: https://www.econbiz.de/10013428249

Indeterminacy and imperfect information

Lubik, Thomas A.; Matthes, Christian; Mertens, Elmar - 2020

We study equilibrium determination in an environment where two kinds of agents have different information sets: The … less informed agents observe only a strict subset of the full information set. All types of agents form expectations … rationally, but agents with limited information need to solve a dynamic signal extraction problem to gather information about the …