"After receiving a PhD in mathematics from MIT, Larry spent three decades working in the tech industry, most recently in the area of speech recognition. And today, in his late-fifties and after a prolonged bout of unemployment, Larry is a cashier at a department store, earning just above the...

This paper analyzes how life-cycle unemployment of former apprentices depends on the size of the training firm. We start from the hypotheses that the size of training firms reduces long-run cumulated unemployment exposure, e.g. via differences in training quality and in the availability of...