Some teacher preparation institutions may provide higher quality teachers than others. Pupil academic achievement is one measure of the quality of teaching. Standardized test scores, e.g., the Florida Comprehensive Assessment Tests (FCAT), provide a measure of pupil academic achievement. This...

The “new economic geography” of the IT industry is shaped by two characteristic features of the industry, smaller size of the firms and zero transportation costs of its products that provide its ability of being a ‘footloose’ industry. The IT industry could locate itself in a region on...

Drawing on insights from corporate finance and personnel economics, we show that firms consider potential employees using a real options approach, much as they do when making other types of capital investment decisions. Theoretically we find that firms’ hiring decisions are influenced by the...

In this paper, the relationship between labor-market segmentation and the genderwage gap is analyzed with data from the 1998 Swiss Wage Structure Survey. It is shown thatin three selected industries (health-care industry, catering industry, banking and insuranceindustry) the unexplained and...

For the first time it has been made possible to merge a German and a Swiss firm-level data set that include detailed information about costs and benefits of apprenticeship training. Previous analyses based only on aggregate data showed that the net costs of training apprentices are substantial...

Der Fachkräftemangel stellt die Unternehmen in Deutschland zunehmend vor große Herausforderungen. Angesichts der demografischen und transformatorischen Aufgaben steht zu befürchten, dass sich die Situation am Standort weiter verschärft. Auch die Unternehmen der pharmazeutischen Industrie...

The COVID-19 pandemic has transformed working from home from a rarity to a widely adopted job amenity. We study workers' willingness to pay for working from home, and how it may be affected by subjective and objective assessments of COVID-19-related risks. We conducted a discrete choice...

Real estate agents typically receive commissions based on a fixed percentage of home price purchases. Because housing prices vary across markets, one might expect that realtors have higher earnings in high-priced markets. Prior work by Hsieh and Moretti (2003) suggests that entry among realtors...