Thurow?s job-competition model implies that overeducation is contingent upon the differing skill endowments of employees. As yet, only rudimentary evidence has been furnished to confirm this relationship. In the present paper, we test the theory in a more sophisticated manner, by means of a more...

This paper assesses the potential of ?workplace training? with reference to German Apprenticeship. When occupational matching is important, we derive conditions under which firms provide ?optimal? training packages. Since the German system broadly meets these conditions, we evaluate the...