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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...
Persistent link: https://www.econbiz.de/10011146410
The paper provides a theoretical foundation for the empirical regularities observed in estimations of wage consequences of overeducation and undereducation. Workers with more education than required for their jobs are observed to suffer wage penalties relative to workers with the same education...
Persistent link: https://www.econbiz.de/10010679077
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...
Persistent link: https://www.econbiz.de/10010719508
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...
Persistent link: https://www.econbiz.de/10011077482