Humankapital, zweiter Bildungsweg, Karriereunterbrechung, Mitgliedschaft, sozio-ökonomische Ergebnisse. - Human capital, second educational pathway, career interruption, membership, socio-economic outcomes

This paper presents a simple framework that illustrates the link between skill-based wage differentiation and human capital acquisition given skill-biased technical progress. The analysis points to the economic costs resulting from labor market and income redistribution policies that prevent the...

The paper provides a quantitative assessment of social returns to education in Italy. It shows that, after controlling for individual characteristics, local average human capital is positively correlated with individual wages, with estimated social returns between 2 and 3 percent. This result is...

Family background shapes individual outcomes throughout life. While the existing literature documents how the importance of family background, typically measured by the degree of sibling correlation in socioeconomic outcomes, varies across countries, less is known about heterogeneities across...

We document a steady decline in low-skilled immigration that began with the onset of the Great Recession in 2007, which was associated with labor shortages in low-skilled service occupations and a decline in the skill premium. Falling returns to high-skilled jobs coincided with a decline in the...