A postsecondary degree is often held up as the one sure path to financial success. But is that true regardless of institutional quality, discipline studied, or individual characteristics? Is a college degree always worth the cost? Students deciding whether to invest in college and what field to...

Using the Longitudinal Employer Household Dynamics (LEHD) data from the United States Census Bureau, I compute firm-level measures of labor market (monopsony) power. To generate these measures, I extend the dynamic model proposed by Manning (2003) and estimate the labor supply elasticity facing...

"Dieser Beitrag untersucht zuerst die Entwicklung der Arbeitsmarktpolitik in der Bundesrepublik Deutschland seit 1974. Er behandelt hauptsächlich Fragen der Förderung der beruflichen Bildung, die Zumutbarkeit von Arbeitsplätzen, die den Arbeitslosen durch die Arbeitsämter angeboten werden,...