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Beyond Becker : Training in Imperfect Labor Markets

Acemoglu, Daron; Pischke, Jörn-Steffen - 2021

In this paper, we survey non-competitive theories of training. With competitive labor markets, firms never pay for investments in general training, whereas when labor markets are imperfect, firm-sponsored training arises as an equilibrium phenomenon. We discuss a variety of evidence which...

Persistent link: https://www.econbiz.de/10013225396

Labor Markets and Evaluations of Vocational Training Programs in the Public High Schools - Toward a Framework for Analysis

Gustman, Alan L.; Steinmeier, Thomas L. - 2022

A simplified model is constructed to analyze the role played by vocational training programs In high schools. The model assumes that there are two kinds of educational programs in high schools, vocational and general. It also assumes that there are two types of jobs for high school graduates....

Persistent link: https://www.econbiz.de/10013323588

Skill Differentials in Canada in an Era of Rising Labor Market Inequality

Freeman, Richard B.; Needels, Karen - 2022

This paper examines educational earnings differentials in Canada in the 1980s and compares changes in differentials to those in the United States. Our major finding is that the college/high school differential increased much less in Canada than in the United States. We also find that within...

Persistent link: https://www.econbiz.de/10013310810

Career Technical Education and Labor Market Outcomes : Evidence from California Community Colleges

Stevens, Ann Huff - 2015

Career technical education (CTE) programs at community colleges are increasingly seen as an attractive alternative to four-year colleges, yet little systematic evidence exists on the returns to specific certificates and degrees. We estimate returns to CTE programs using administrative data from...

Persistent link: https://www.econbiz.de/10013023341

Firms and Labor Market Inequality : Evidence and Some Theory

Card, David E.; Cardoso, Ana Rute; Heining, Jörg; … - 2021

We survey two growing bodies of research on firm-level drivers of labor market inequality. The first examines how wages are affected by differences in employer productivity. Studies that focus on firm-specific productivity shocks and control for the non-random sorting of workers to firms...

Persistent link: https://www.econbiz.de/10013224369

A Wolfram in Sheep'S Clothing : U.S. Economic Warfare in Spain, 1940-1944

Caruana, Leonard; Rockoff, Hugh - 2021

One of the most sustained uses of economic warfare by the United States occurred in Spain during WWII. We provide an overview of this episode based on the secondary literature and new research in the Spanish archives. We focus on three key battles: (1) an oil embargo against Spain in the summer...

Persistent link: https://www.econbiz.de/10013228277

Covid-19 and SME Failures

Gourinchas, Pierre-Olivier; Kalemli-Ozcan, Sebnem; … - 2021

We estimate the impact of COVID-19 on business failures for small and medium sized enterprises (SMEs) using firm-level data in seventeen countries. Absent government support, the failure rate of SMEs would have increased by 9.1 percentage points, representing 4.6 percent of private sector...

Persistent link: https://www.econbiz.de/10013244116

Can Compulsory Military Service Increase Civilian Wages? Evidence from the Peacetime Draft in Portugal

Card, David E. - 2011

Although military conscription was widespread during most of the past century, credible evidence on the effects of mandatory service is limited. We provide new evidence on the long-term effects of peacetime conscription, using longitudinal data for Portuguese men born in 1967. These men were...

Persistent link: https://www.econbiz.de/10013117205

Target Loans, Current Account Balances and Capital Flows : The Ecb's Rescue Facility

Sinn, Hans-Werner - 2011

destroyed the Bretton Woods System. Greece, Ireland, Portugal, Spain and Italy have suffered from balance-of-payments deficits …

Persistent link: https://www.econbiz.de/10013118098

The Incredible Shrinking Portuguese Firm

Braguinsky, Serguey - 2011

Using Portugal's extensive matched employer-employee data set, this paper documents an unusual feature of the … paper that Portugal's shrinking firms are linked to the country's anemic growth and low productivity. We show that the shift … unexplained by these factors. So, what does explain the shift? We argue that Portugal's uniquely strong protections for regular …

Persistent link: https://www.econbiz.de/10013121775