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...

The quality of labor-market entry achieved by newly qualified apprentices in West Germany is analyzed from 1948 to 1992. A bivariate probit model, using data from the BIBB/IAB employment survey, is applied to estimate simultaneously the quality of the school-toapprenticeship transition and that...

We study the self-employed decision and its relation to human and social capital. Human capital is necessary to acquire skills. Social capital dampens the effects of uncertainty about future income. Our data set consists of 1339 respondents from the same age group, who were interviewed three...