Denmark’s registry data provide accurate and complete career history data along withdetailed personal characteristics (e.g., education, gender, work experience, tenure andothers) for the population of Danish workers longitudinally. By using such data from 1992 to2002, we provide rigorous...

Contents: Foreword -- Introduction -- 1. Accumulating human capital for sustainable development -- 2. Education bubble and widening inequality -- 3. Making education diversification reform happen -- 4. Turning around failing vocational high schools -- 5. Deteriorating skills and weak life-long...

This paper proposes a new conceptual framework of “education bubble” in analyzing the human capital investment and formation. We apply this concept to the Korean experience. Sixty years ago Korea was destitute not only of income but also of all sorts of education, but now it is one of the...

The European Social Survey data are used to analyze informal employment at the main jobin 30 countries. Overall, informality decreases from South to West to East to North. However,dependent work without contract is more prevalent in Eastern Europe than in the West,except for Ireland, the UK and...

In this paper we provide an overview of China’s human capital strategy and educationalachievements over the last two decades. While every one acknowledges China as aneconomic superpower, very few are aware of or realize China’s notable achievements ineducation as well as its...

We estimate the effects of labor market entry conditions on wages for male individuals firstentering the Austrian labor market between 1978 and 2000. We find a large negative effect ofunfavorable entry conditions on starting wages as well as a sizeable negative long-run effect.Specifically, we...

The career prospects of newly recruited employees differ substantially within an organization.The stars experience a considerable growth in earnings; others can hardly maintain theirentry salaries. This article sheds light on the mechanisms generating the observedheterogeneity in earnings...