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Does less wage compression lead to less training in Germany? : an expansion of Acemoglu and Pischke's Model of training in imperfect labor markets

Neubäumer, Renate - 2016

We expand Acemoglu and Pischke's seminal model of training in imperfect labor markets by including the system of collective wage bargaining and the components of firms' training costs. Thus we can adapt their model to institutional changes that occurred since the 1990s. The model and the...

Persistent link: https://www.econbiz.de/10011455316

Educational mismatch and mobility

Roller, Christiane; Rulff, Christian; Tamminga, Michael M. - 2019

With increasing educational attainment in Germany, the issue of inefficient human capital allocation gains importance. Especially overeducation seems to be a problem, since more and more highly educated individuals are required to take jobs that do not match their educational level, settling for...

Persistent link: https://www.econbiz.de/10011988619

Firm Training

Black, Dan A.; Skipper, Lars; Smith, Jeffrey A. - 2023

Workers acquire skills through formal schooling, through training provided by governments, and through training provided by firms. This chapter reviews, synthesizes, and augments the literature on the last of these, which has languished in recent years despite the sizable contribution of firm...

Persistent link: https://www.econbiz.de/10014261023

A new approach to estimate the wage returns to work-related training

Leuven, Edwin; Oosterbeek, Hessel - 2002

Persistent link: https://www.econbiz.de/10001687624

A new approach to estimate the wage returns to work-related training

Leuven, Edwin; Oosterbeek, Hessel - 2002

This paper proposes a new approach to identify the wage effects of training. The idea is to narrow down the comparison group by only taking into consideration the workers who wanted to participate in training but did not do so because of some random event. The point estimate of the return to...

Persistent link: https://www.econbiz.de/10011412041

Absolute Risk Aversion and the Returns to Education

Brunello, Giorgio - 2003

income, is used as an instrument for attained education in a standard log earnings equation. I find that, in line with the … literature, the gap between IV and OLS estimates of the returns to education is large …

Persistent link: https://www.econbiz.de/10014140942

The expected (signaling) value of higher education

Ehrmantraut, Laura; Pinger, Pia; Stans, Renske - 2020

This paper explores students' expectations about the returns to completing higher education and provides first evidence … different stages of higher education. Our findings indicate substantial perceived returns to higher education. Moreover, by … education premia as well as evidence consistent with employer learning. …

Persistent link: https://www.econbiz.de/10012293120

The expected (signaling) value of higher education

Ehrmantraut, Laura; Pinger, Pia; Stans, Renske - 2020

This paper explores students' expectations about the returns to completing higher education and provides first evidence … stages of higher education. Our findings indicate substantial perceived returns to higher education. Moreover, using within …-enhancing (human capital) returns seem to be less pronounced. Over the expected course of career, we find lasting education premia as …

Persistent link: https://www.econbiz.de/10012293817

The expected (signaling) value of higher education

Ehrmantraut, Laura; Pinger, Pia; Stans, Renske - 2020

This paper explores students' expectations about the returns to completing higher education and provides first evidence … stages of higher education. Our findings indicate substantial perceived returns to higher education. Moreover, by exploiting … education premia as well as evidence consistent with employer learning. …

Persistent link: https://www.econbiz.de/10012293840

Mohrenweiser, Jens; Wydra-Sommaggio, Gaby; Zwick, Thomas - 2015 - This version August 2015

This paper addresses the puzzle how employers that invest in general human capital can gain an information advantage with respect to the ability of their employees when training is certified by credible external institutions. We apply an established model from the employer-learning literature...

Persistent link: https://www.econbiz.de/10011316529