This paper studies how the structure and quality of education influence occupational choices and the distribution of wages. Structure refers to the age at which children are streamed into specialized programs as well as the proportion of students placed in each stream. The Roy (1951) model of...

Our paper investigates the relative effects of wage subsidies and further vocational training on the subsequent employment prospects of previously unemployed program participants. First, we outline a theoretical approach based on a firm's hiring decision. For the relative effectiveness of both...