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This study estimates marginal rates of return to investment in schooling in 12 countries. Significant systematic nonlinearity in the marginal rate of return is found. In particular, the marginal rate of return is increasing significantly at low levels of education, and decreasing significantly...
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. Moreover, it is shown that the neglect of endogenous but not observable behavior in the empirical literature on labor matching … leads to systematically biased estimates of the matching elasticities, posing a caveat on the results of previous studies … testing for constant returns of the matching function. The theoretical model presented allows to predict the direction of the …
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Arbeitslosigkeit stellt in Deutschland seit Mitte der 70er Jahre ein dauerhaftes wirtschafts- und gesellschaftspolitisches Problem dar. Von der zunehmenden Arbeitslosigkeit sind gering qualifizierte Personen besonders betroffen. Ziel dieses Buches ist es, die Relevanz und das Gewicht...
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