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The effectiveness of public sponsored training revisited : the importance of data and methodological choices

Biewen, Martin; Fitzenberger, Bernd; Osikominu, Aderonke; … - 2012 - This version: August 29, 2012

As the first, substantive contribution, this paper revisits the effectiveness of two widely used public sponsored training programs, the first one focusing on intensive occupational training and the second one on short-term activation and job entry. We use an exceptionally rich administrative...

Persistent link: https://www.econbiz.de/10009743146

Employment and earnings effects of awarding training vouchers in Germany

Doerr, Annabelle; Fitzenberger, Bernd; Kruppe, Thomas; … - In: ILR review : the journal of work and policy 70 (2017) 3, pp. 767-812

Persistent link: https://www.econbiz.de/10011702805

The effects of training incidence and planned training duration on labor market transitions

Fitzenberger, Bernd; Osikominu, Aderonke; Paul, Marie - In: Journal of econometrics 235 (2023) 1, pp. 256-279

Persistent link: https://www.econbiz.de/10014434394

The Economics of education and training

Dustmann, Christian (contributor); … - 2008

Education and training are key to explain the current competitive strengths of national economies, and to secure future competitiveness. While in the past educational and training institutions were often seen as providers of necessary skills for national economies, this view has changed...

Persistent link: https://www.econbiz.de/10013520906

When is tit-for-tat unbeatable?

Duersch, Peter; Oechssler, Jörg; Schipper, Burkhard - In: International Journal of Game Theory 43 (2014) 1, pp. 25-36

We characterize the class of symmetric two-player games in which tit-for-tat cannot be beaten even by very sophisticated opponents in a repeated game. It turns out to be the class of exact potential games. More generally, there is a class of simple imitation rules that includes tit-for-tat but...

Persistent link: https://www.econbiz.de/10010993382

Unbeatable imitation

Duersch, Peter; Oechssler, Jörg; Schipper, Burkhard C. - In: Games and Economic Behavior 76 (2012) 1, pp. 88-96

We show that for many classes of symmetric two-player games, the simple decision rule “imitate-if-better” can hardly be beaten by any strategy. We provide necessary and sufficient conditions for imitation to be unbeatable in the sense that there is no strategy that can exploit imitation as a...

Persistent link: https://www.econbiz.de/10011049802

Inflation Targeting under Imperfect Knowledge

Orphanides, Athanasios; Williams, John C - C.E.P.R. Discussion Papers - 2006

A central tenet of inflation targeting is that establishing and maintaining well-anchored inflation expectations are essential. In this paper, we reexamine the role of key elements of the inflation targeting framework towards this end, in the context of an economy where economic agents have an...

Persistent link: https://www.econbiz.de/10005791794

Rage against the machines: how subjects play against learning algorithms

Duersch, Peter; Kolb, Albert; Oechssler, Jörg; … - In: Economic Theory 43 (2010) 3, pp. 407-430

Persistent link: https://www.econbiz.de/10008515308

Inflation Scares and Forecast-Based Monetary Policy

Orphanides, Athanasios; Williams, John C - C.E.P.R. Discussion Papers - 2005

policy-makers' preferences, and rely on a perpetual learning technology to form expectations. We find that with learning … from those implied by rational expectations, even at long horizons. The presence of learning increases the sensitivity of … the policy-maker. In contrast, under learning, private inflation expectations follow a time-varying process and provide …

Persistent link: https://www.econbiz.de/10005124304

Inflation scares and forecast-based monetary policy

Orphanides, Athanasios; Williams, John C. - In: Review of Economic Dynamics 8 (2005) 2, pp. 498-527

policymakers' preferences, and rely on a perpetual learning technology to form expectations. We find that with learning … from those implied by rational expectations, even at long horizons. The presence of learning increases the sensitivity of … the policy maker. In contrast, under learning, private inflation expectations follow a time-varying process and provide …

Persistent link: https://www.econbiz.de/10005085536