Benjamin W. Arold prepared this study while he was working at the Center for Economics of Education at the ifo Institute. The study was completed in March 2022 and accepted as doctoral thesis by the Department of Economics at the LMU Munich. It consists of four distinct empirical essays that...

In this paper, we reflect on the skills higher education graduates are expected to have in todays economy and the role of higher education in equipping graduates with these skills. First, we identify 6 trends which form the basis of the changing role of graduates in economic life. These trends...

In this paper, we reflect on the skills higher education graduates are expected to have in todays economy and the role of higher education in equiping graduates with these skills. First, we identify 6 trends which form the basis of the changing role of graduates in economic life. These trends...

This paper analyses high school completion rates, known as ‘apparent retention rates’ in Australia, from 1989 to 2002. Unlike most measures of educational attainment or participation in Australia, the apparent retention rate was lower at the end of the 1990s than it had been in the early...

Benjamin W. Arold prepared this study while he was working at the Center for Economics of Education at the ifo Institute. The study was completed in March 2022 and accepted as doctoral thesis by the Department of Economics at the LMU Munich. It consists of four distinct empirical essays that...

Indigenous Australians in the Community Development Employment Projects (CDEP) scheme have been working for welfare payments since 1977. One of the objectives of the scheme is to assist Indigenous Australians develop work skills which lead to 'mainstream' employment. This paper uses a case study...

The dominance of the Community Development Employment Projects (CDEP) scheme in certain regions of Australia complicates the interpretation of any analysis of indigenous employment. In order to enhance interpretation, the factors underlying indigenous employment should be examined separately for...

CEOs of large firms filing for bankruptcy are more likely to exit the executive labor market after bankruptcy and experience substantial compensation losses (Eckbo et al., 2016). While the fear of reputational scarring can lead to lower risk-taking and manifest itself as lower rates of...

We combine two empirical observations in a general equilibrium occupational choice model. The first is that entrepreneurs have more control than employees over the employment of and accruals from assets, such as human capital. The second observation is that entrepreneurs enjoy higher returns to...

Can educational institutions explain occupational choice between wage employment and entrepreneurship? This paper follows Lazear's (2005) Jack-of-all-trades hypothesis according to which an individual with a more balanced set of abilities is more likely to enter into entrepreneurship. In the...