This paper examines the impact of locational choice as a firm strategy to access knowledge spillovers from universities. Based on a large data set of young high-technology start-ups publicly listed in Germany, this study tests the propositions that geographic proximity to the university is...

The paper contributes to the literature on ability grouping in schools by taking student incentives into account. Education provides both a signal on unobservable ability and improves productivity after education. Sorting sets better incentives in primary education and allows for improved peer...

Empirical work on the wage impact of training has noted that unobserved heterogeneity of training participants should play a role. The expected return to training, which partly depends on unobservable characteristics, is likely to be a crucial criterion in the decision to take part in training...

Die Studie analysiert den Zusammenhang zwischen beruflichen Weiterbildungsinvestitionen (Weiterbildung "on-the-job") und Art der Auflösung von Beschäftigungsverhältnissen einschließlich der Inzidenz und Höhe geleisteter Abfindungszahlungen für West- und Ostdeutschland im Zeitraum 1990 bis...

There are theoretical foundations which allow hypothesizing on a positive association of life expectancy or retirement age with income. If both cannot be falsified, the relationship of income and the internal rate of return of a public pension system is not straight forward. By application of a...

Professionalizing the system of control in a still public system implies that the university administration becomes an agent of the academic board of the university rather than serving the interests of the state as the principal. This induced organizational change alters the bargaining positions...

This paper introduces and discusses an idea which minimizes gaming or manipulation activities, if payments are linked to results from manipulative methods. The idea is to add nonmanipulable information to manipulable information to improve the evaluation of a given output. A score declining in...

This paper focuses on the causal effect of overqualification on earnings. Although the issue of overqualification has recently been addressed by quite a huge body of literature there are only few studies examining the causal effect of overqualification on earnings in the sense of Rubins...

Wage and productivity effects of training are compared to study how the training rent is shared between employers and employees. Using panel data from 1996-2002, I analyse the impact of continuing training on wages and productivity in a Cobb-Douglas production framework. Using system GMM...

This paper investigates the effect of reforms on the time-to-degree and attendance at colleges. My model predicts that with imperfect credit markets imposing tuition fees may raise instead of reducing the time-to-degree. In the final section of the paper, I present a proposal for a reform which...