Benjamin W. Arold prepared this study while he was working at the Center for Economics of Education at the ifo Institute. The study was completed in March 2022 and accepted as doctoral thesis by the Department of Economics at the LMU Munich. It consists of four distinct empirical essays that...

This doctoral thesis analyses the impact of education and other determinants on labour market outcomes using microeconometric methods. Chapter 1 serves as an introduction. Chapter 2 uses a randomised field experiment among German human resource managers to evaluate which skill signals such as...

In standard economic theory, education is an investment, and you choose to invest if the future returns are higher than the costs of investment. The future returns are often thought of in terms of monetary returns but education has also shown to have an effect on several nonpecuniary factors. In...