We evaluate the returns to signaling occupation-specific skills using unique administrative data from a nationwide certification program in Colombia. The program certifies skills and issues three certificates: basic, intermediate, and advanced. We use regression discontinuity methods to compare...

Der schon jetzt absehbare demographische Wandel wird in den nächsten Jahrzehnten eine der großen Herausforderungen in fast allen entwickelten Industriegesellschaften sein. Betriebe werden in diesem Zusammenhang mit zunehmend alternden und zunehmend altersheterogeneren Belegschaften...

We introduce dynamic incentive contracts into a model of inflation and unemployment dynamics. Our main result is that wage cyclicality from incentives neither affects the slope of the Phillips curve for prices nor dampens unemployment dynamics. The impulse response of unemployment in economies...

In the article the authors attempted to develop the neoclassical model of economic growth, repealing two assumptions regarding the Solow growth model. First of all, the authors assume that the growth path of the number of employees is increasing asymptotically to a fixed value, not to infinity...

The aim of the article is to identify and compare key factors affecting the level of labor productivity, wages, and income in the economies of the EU countries. Among different determinants, the following were considered: overall price level; compensation of employees; participation of the...