The labour market in Russia is very flexible. Firms adjust to economic shocks through wage cuts, working hour reductions and minimisation of non-wage labour costs. Workers react by changing jobs. This results in a high and stable overall employment rate, but also high wage inequality,...

In this paper, human capital investments are evaluated by assuming heterogeneous returns to schooling. We use the potential outcome approach to measure the causal effect of human capital investments on earnings as a continuous treatment effect. Empirical evidence is based on a sample of West...

In the Norwegian fabricated metal industry there has been a shift in demand from unskilled to skilled workers during the period 1972 to 1990, and relative demand for white collar employees has also increased. The paper analyses the factors behind the shift in the composition of these three kinds...

There is a considerable empirical literature which compares wage levels of workers who have studied at secondary vocational schools with wages of workers who took academic schooling. In general, vocational education does not lead to higher wages. In some countries where labour markets are...

In this study, we try to connect the economic literature on human capital formation with findings from neurobiology and psychology on early childhood development and self-regulation. Our basic framework for assessing the distribution of agespecific returns to investment in skills is an...

This article shows that the Mincer equations, augmented with variables of firm size and corrected by selectivity bias, yield results that are consistent with the theories of human capital and labor segmentation. Greater firm endowments of human capital and physical capital are related to greater...

In Finland, shifts in compensation have been of a kind comparable to those in the United States, similar but with a moderate, increasing wage variance between plants, an increasing gap between average non-productive- and productive-worker wages, and an increasing share of non-production workers....

This paper presents a general equilibrium assignment model of workers to tasks with endogenous supply of skills. The model has 2 key features. First, skills are endogenous and multidimensional. Sec- ond, two types of assignment occur; workers self-select the type of skills to supply and …rms...

The paper provides a throughout statistical portrait of human capital the Russian culture using micro-data of the Russian surveys of wages by occupations conducted by Rosstat. Within the cultural activities author discerns three main branches: movies; entertainment (theatres, music etc.); other...