The Dunning-Kruger effect states that low performers vastly overestimate their performance while high performers more accurately assess their performance. Researchers usually interpret this empirical pattern as evidence that the low skilled are vastly overconfident while the high skilled are...

Increasingly policy makers are focusing on the importance of skills and lifelong learning. The reason for this is that workers with sufficient and up-to-date skills are more productive and have more potential to remain employed. However, the processes that influence skill obsolescence, have...