in the profit estimation by employing panel system GMM methods. An increase in the share of apprentices has no effect on … profits. This can be interpreted as a first indication that most establishments in Germany do not invest more in apprentices … than their productivity effects during the apprenticeship period …

Das Ausbildungsgeschehen in Deutschland lässt sich als kollektive Handlung betrachten. Zur Überwindung des … Ausbildungsmarkt untersuchen. …Vocational training in Germany can be regarded as collective action. Firms that are able to train profitably regardless …