The paper examines the optimal level of training investment when trained workers are mobile, wage contracts are time …-consistent, and training comprises both specific and general skills. It is shown that, in the absence of a social planner, the firm … has ex-post monopsonistic power that drives trained workers’ wages below the socially-optimal level. The emergence of …

Concurrently with a steady increase of the supply of college educated workers, recent evidence for the U.S. indicated a … fortunes of the young. However, whereas in the U.S. college educated workers have been affected, the results indicate that in …

product demand and for export-oriented, large establishments with a high share of skilled workers. Under strong sales …

This paper is among the firsts to investigate the impact of overeducation and overskilling on workers' wages using a … penalty is reached for workers that are both overeducated and overskilled. …

We identify the effects of exogenous credit constraints on firm ability to attract and retain skilled workers. To do so … relationship with affected banks borrow less and reduce employment mostly of high-skilled workers. High-skilled workers are more …

employees and/or male workers. On the basis of the data of the German Socio- Economic Panel (SOEP), the results show a …, the length of the training period on the job as well as job related burdens due to a job at risk and a limited employment …

product demand and for export-oriented, large establishments with a high share of skilled workers. Under strong sales …