We find a substantial and long-lasting positive effect of the introduction of regional minimum wages on training incidence and intensity. We apply a stacked difference-in-differences estimation to identify the dynamic effect of high minimum wages introduced in several Swiss cantons between 2018...

Die Studie zeichnet ein konsistentes Bild der langfristigen Entwicklungen im deutschen Bildungs- und Qualifikationssystem und ordnet diese in internationale Vergleichsrahmen ein. Im Bereich der Qualifikationsstruktur bestätigen sich bekannte Muster: Deutschland bleibt durch einen besonders...

Do reciprocal workers have higher returns to employer-sponsored training? Using a field experiment with random assignment to training combined with survey information on workers' reciprocal inclinations, the results show that reciprocal workers reciprocate employers' training investments by...

Energy exchange-traded funds (ETF) are innovative energy financial product that reflects the cyclical supply and demand of energy. This paper employs the TVP-VAR-DY model to examine the dynamic volatility spillover effects within the energy ETF market in response to EPU shocks, as well as to...

Firm training is key to meeting changing skill demands, yet little is known about the role of workers' beliefs in shaping training participation. In a survey of 3,701 workers in Germany, we document that they expect substantial returns to firm training - both in terms of earnings and...