This paper investigates the six-fold increase in student enrollment and three-fold increase in degree completions at for-profit colleges over the last two decades. In particular, we examine the hypothesis that for-profit colleges have more flexibility to respond to market changes, attracting...

Der Begriff der Ausbildungsadäquanz zielt auf den Grad der Übereinstimmung zwischen den im Bildungssystem erworbenen Qualifikationen und dem Anforderungsprofil der am Arbeitsmarkt ausgeübten Tätigkeit. Im Falle einer ausbildungsinadäquaten Beschäftigung oder auch Fehlqualifikation bleibt...

This study provides an assessment of the features that, operating "inside the black box", shape the evolution of the Italian economy. In the first section the focus is placed on the functioning of the labour market at the aggregate level. The picture described suggest that the Italian labour...

It is often argued that a mandatory minimum wage is binding only if the wage density displays a spike at it. In this paper we analyze a model with search frictions and heterogeneous production technologies, in which imposition of a minimum wage affects wages even though, after imposition, the...

In this paper we define and estimate measures of labor market frictions using data on job durations. We compare different estimation methods and different types of data. We propose and apply an unconditional inference method that can be applied to aggregate duration data. It does not require...

This paper discusses the challenges that European Monetary Union (EMU) poses for European labor markets, emphasizing in particular the regional dimension of the European unemployment problem. The authors argue that the inability of labor markets to adjust to shocks is largely a regional problem...

Austria is among the very few countries in the European Union which have managed to maintain comparatively low unemployment rates and high employment rates. In international comparison Austrian unemployment is very stable over the business cycle. This is mainly due to the high sensitivity of the...

The increasing wage inequality in many countries is usually seen as brought about by economic forces that drive for economic efficiency within a changing technological and social environment. Ethical evaluations of these developments diverge, yet the view that free labor markets drive to...

Using data from three waves of Add Health we find that being very attractive reduces a young adult's (ages 18-26) propensity for criminal activity and being unattractive increases it for a number of crimes, ranging from burglary to selling drugs. A variety of tests demonstrate that this result...

While economists were pointing out the advantages of the EU enlargement, politicians and policymakers were raising grave concerns about the significant political and economic differences between the newcomer states (EU12) and the old Europe of EU15. The major point of apprehension was related to...