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Thurow's job-competition model implies that overeducation is contingent upon the differing skill endowments of employees. As yet, only rudimentary evidence has been furnished to confirm this relationship. In the present paper, we test the theory in a more sophisticated manner, by means of a more...
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first introduced in the 1970s in Germany. Such cost-benefit surveys (CBS) help to better understand a firm's demand for …
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country. The method is applied to Germany using micro data of the years 1976, 1985, 1995, and 2006. The obtained average …
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Relying on harmonized individual data for Germany and the United States, we perform a country comparison regarding the … intergenerational income mobility in Germany, endowments account for solely 30 percent in the United States. Nonlinearities in the … relative importance across income percentiles. In Germany, there are no significant nonlinearities at all. …
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The labor market position of older workers is cause for concern in many industrialized countries. Rapid population aging is challenging pension systems. The recent economic crisis has forced many older adults out of the workforce, into either pre-retirement or non-employment. Encouraging people...
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Although early human capital theory recognized the relevance of workers' experience, its focus was on education and formal training. Recent studies find that much of the performance of newly hired workers is driven by learning by doing or learning from peers or supervisors in the workplace....
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