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...

Income effects of unemployment and involuntary short-time work are investigated in the context of the East German transformation process from a planned socialistic economy to a market-oriented economy. Theoretical considerations from human capital theory are derived for the income effects in...