The combination of technological innovation with an ageing labor force makes skills obsolescence one of the main themes of current research in labor economics. Related to this issue, we study whether or not employers think their labor force is sufficiently equipped for future demands. For this...

If wage growth over the career results from embellishment of one's skills, then obsolescence is a matter of luck, a matter of the vagaries of market demand and of innovations that prize alternative skills. If wage growth results from learning and adapting to change, then obsolescence is the...

This study compares incentive effects of various tax depreciation methods which are currently employed in selected OECD countries. Their generosity is determined on the basis of Samuelson's true economic depreciation. For this purpose, the present value model is applied. The central issue is...