This paper uses German linked employer-employee data in order to estimate the impact of intra-firm wage dispersion on the probability that firms pay for continuous training. About half of all firms in the estimation sample cover all direct and indirect training costs, which contradicts the...

We assess selection bias in estimated returns to workplace training by exploiting a field experiment with random assignment of workers to a one-week training program. We compare experimental estimates of this program with non-experimental estimates that are estimated by using a sample of agents...

We study the effects of continuous training on non-monetary outcomes. Wider benefits of continuous training have become a top priority on the European political agenda. Using SOEP data, we find evidence that continuous training increases life satisfaction, reduces worries about the own economic...

The new training literature argues that imperfect labour market competition drives a wedge between productivity and wage increases in skills. We apply recent advancements in the estimation of production and wage functions to show a compressed wage structure in Germany. We also use regional and...

Regarding gender differences, theory suggests that in a partnership the individual with the lower working hours and earnings position should exhibit lower training participation rates. Since women are more likely to match this description, we investigate whether systematic group differences...

Lifelong learning becomes increasingly important in times of population ageing, but little is known about the returns to adult education or the effectiveness of government attempts to promote adult learning. This paper evaluates the effects of a large-scale randomized field experiment with...

We characterize optimal redistribution in a dynastic economy with observable human capital and hidden ability. We compute the optimal allocation and show how it can be implemented with student loans or means-tested grants. The numerical results reveal that human capital investment should decline...

Ausgangspunkt ist die These, dass Universitäten und Business Schools den Studierenden sehr wenig oder gar keine Möglichkeit bieten, sich während ihres Studiums mit dem Themenkreis Wirtschafts- bzw. Management-Ethik und soziale Verantwortung (CSR - Corporate Social Responsibility) zu befassen....

This paper analyses the effect of training participation on employees’ retention. In a comparison group approach, the probability to stay at the same employer is compared between training participants and employees who could accidentally not participate at a planned training. We control...

We propose a theory that emphasizes the role of managers for the production and allocation of human capital in firms. Managers invest time to train junior employees, and acquire information about the juniors' abilities that is valuable for job assignments. This dual role of managers matters...