This paper extends standard models of work-related training by explicitly incorporating workers' locus of control into the investment decision. Our model both differentiates between general and specific training and accounts for the role of workers and firms in training decisions. Workers with...

This paper extends standard models of work-related training by explicitly incorporating workers' locus of control into the investment decision. Our model both differentiates between general and specific training and accounts for the role of workers and firms in training decisions. Workers with...

We study life-cycle educational transitions in an education system characterized by early tracking and institutionalized branches of academic and vocational training but with the possibility to revise earlier decisions at later stages. Our model covers all major transitions ranging from...

Humankapital, zweiter Bildungsweg, Karriereunterbrechung, Mitgliedschaft, sozio-ökonomische Ergebnisse. - Human capital, second educational pathway, career interruption, membership, socio-economic outcomes

Einleitung / Das bildungsökonomische Grundmodell Kompetenzen, Bildungsrenditen und Bildungsinvestitionen Empirische Evidenz: Kompetenzen und Bildungsinvestitionen / Das familiäre Umfeld und Kompetenzen / Familie und Bildung / Integration und Bildung / Das schulische Umfeld und Kompetenzen /...

Applying a financial assets approach, we analyze the returns and earnings risk of investments into different types of human capital. Even though the returns from investing in human capital are extensively studied, little is known about the properties of the returns to different types of human...