Across the OECD countries, dropouts from upper secondary schooling fare worse in the labor market, with higher NEET rates more spells of unemployment and lower earnings. Among the dropouts, there are however significant shares who complete at a later age. In this paper, we thus ask the question:...

The essays in this book address the important topic of human capital creation from an economic point of view. Among the crucial human capital-related topics covered are the complex interactions between schooling, learning and worker productivity, individual earnings effects of investment in...

This paper explores the sources underlying the marked increase in the dispersion of private-sector wages in Finland since the mid-90s by use of a recently proposed method to decompose changes along the whole wage distribution over a period of time into several factors contributing to those...