A person’s credibility within an organization, for a leader especially, can’t be separated by his professional competence. This is more important if we pay attention to his position within the hierarchy, what means that he can influence to a large extent the use of existing resources, with...

The paper formalises the interaction between active labour market programmes and ordinary higher education in a general equilibrium framework. Both education in prorgammes and ordinary higher education serve to increase the supply of high-skilled labour. The model features a dual labour market...