Sowohl in der Politik als auch in der bisherigen Forschung wird betont, dass berufsspezifische Ausbildungen einen Vorteil gegenüber allgemeinen Bildungsgängen haben, indem sie jungen Leuten den Übergang vom Bildungs- ins Berufssystem erleichtern. Eric A. Hanushek, Stanford University, Ludger...

Policy debates about the balance of vocational and general education programs focus on the school-to-work transition. But with rapid technological change, gains in youth employment from vocational education may be offset by less adaptability and thus diminished employment later in life. To test...

We use a life cycle model of consumption and portfolio choice to study the effects of social security on the investment decisions of households for the European case. Our model is mainly based on the one developed by Cocco, Gomes, and Maenhout (2005). We extend it by unemployment risk using...

Chapter from: 'Rising Inequality in China: Challenge to a Harmonious Society', edited by Shi Li, Hiroshi Sato and Terry Sicular.