Human Capital Over the Life Cycle synthesises comparative research on the processes of human capital formation in the areas of education and training in Europe, in relation to the labour market. The book proposes that one of the most important challenges faced by Europe today is to understand...

We apply a recently proposed method to disentangle unobserved heterogeneity from risk in returns to education to data for the USA, the UK and Germany. We find that in residual wage variation, uncertainty by far dominates unobserved heterogeneity. The relation between uncertainty and level of...

In nine papers presented at the Turin Meetings to celebrate EALE's 25th anniversary, leading authors survey past developments in their research domains and discuss causes for shifts in attention paid to particular questions and issues. Inspired by these papers, this introductory article provides...