High-performance work systems (HPWS) can be seen as a set of new forms of work organization combined with flexible human resources (HR) practices that enhance organizational performance through employee involvement and empowerment. This stream has been researched in several disciplines such as...

Educational mismatch in labour markets is a phenomenon that has been widely analysed, mainly with respect rising concerns about possible oversupply of graduates. Similarly to most European countries, the Czech Republic has experienced a boom in tertiary education in the last decade. The...

While uncertainty abounds in almost any decision on investment in schooling, it is mostly ignored in research and virtually absent in labour economics text books. This paper documents the scope for risk, discusses the tough disentanglement of heterogeneity and risk, surveys the analytical...

Education as an investment has competitive investment assets to which is compared usually by the respective return rates, that crucially depend on institutional quality. High returns to education depend on education quality whereas returns to rent seeking are basically determined by the quality...