Over the past two decades, technological progress has been biased towards making skilled labor more productive. What does skill-biased technological change imply for business cycles? To answer this question, we construct a quarterly series for the skill premium from the CPS and use it to...

Although there is evidence that apprenticeship training can ease the transition of youth into the labour market and thereby reduce youth unemployment, many policy makers fear that firms will cut their apprenticeship expenditures during economic crises, thus exacerbating the problem of youth...

In den letzten zehn Jahren musste das Gastgewerbe, der zentrale Bereich der Tourismuswirtschaft, rückläufige Umsätze hinnehmen. 2002 beschleunigte sich diese Entwicklung: Die Umsätze gingen nominal um 3,6% gegenüber dem Vorjahr zurück. Parallel dazu errechnete sich seit 1994 eine...