This work is devoted to estimating the individual return to worker’s professional training. The research is based on the personnel records of Russian metallurgical enterprise (2006–2010). The main factors that distinguish this paper from others are the following: (I) We focused on the...

We introduce a new suite of macroeconomic models that extend and complement the Debt, Investment, and Growth (DIG) model widely used at the IMF since 2012. The new DIG-Labor models feature segmented labor markets, efficiency wages and open unemployment, and an informal non-agricultural sector....

In this paper we study human capital accumulation and wage trajectories of young workers in a dual labor market. Using rich administrative data for Spain, we follow workers since labor market entry to measure experience accumulated under different contractual arrangements and relate it to...