This paper investigates how the increasing labor supply of fresh graduates with modern IT (information technology) skills impacts the careers of incumbent workers during periods of fundamental technological change. To identify the causal effect within a difference-in-difference framework, we...

The possibility of adverse selection by training firms is common theoretical argument for company-sponsored investments in general skills. The paper derives a public and a private signal after apprenticeship training and shows that training firms are able to positively select graduates they...

The new training literature argues that imperfect labour market competition drives a wedge between productivity and wage increases in skills. We apply recent advancements in the estimation of production and wage functions to show a compressed wage structure in Germany. We also use regional and...