Showing 1 - 10 of 699
The Swedish adult education program known as the Knowledge Lift (1997-2002) was unprecedented in its size and scope, aiming to raise the skill level of large numbers of lowskill workers. This paper evaluates the potential effects of this program on aggregate labor market outcomes. This is done...
Persistent link: https://www.econbiz.de/10005822408
, employer change, quits, training, wages, and job satisfaction). …
Persistent link: https://www.econbiz.de/10005762412
How valuable is education for entrepreneurs' performance as compared to employees'? What might explain any differences? And does education affect peoples' occupational choices accordingly? We answer these questions based on a large panel of US labor force participants. We show that education...
Persistent link: https://www.econbiz.de/10008558947
Investing in human capital increases lifetime income, but these investments may involve substantial risk. In this paper we use a Finnish panel spanning 22 years to predict the mean, the variance and the skew of the present value of lifetime income, and to calculate certainty equivalent lifetime...
Persistent link: https://www.econbiz.de/10010960122
This paper develops a life-cycle approach to equilibrium unemployment. Workers only differ respectively to their distance from deterministic retirement. A non age-directed search equilibrium is then typically featured by increasing (decreasing) firing (hiring) rates with age and a hump-shaped...
Persistent link: https://www.econbiz.de/10005762327
This paper extends the job creation - job destruction approach to the labor market to take into account the life-cycle of workers. Forward looking decisions about hiring and firing depend on the time over which to recoup adjustment costs. The equilibrium is typically featured by increasing...
Persistent link: https://www.econbiz.de/10005822261
This paper surveys the existing empirical research that uses search theory to empirically analyze labor supply … questions in a structural framework, using data on individual labor market transitions and durations, wages, and individual … dynamic optimization theory. We develop a general framework for the labor market where the search for a job involves dynamic …
Persistent link: https://www.econbiz.de/10005762359
different estimation methods and different types of data. We propose and apply an unconditional inference method that can be … applied to aggregate duration data. It does not require wage data, it is invariant to the way in which wages are determined …
Persistent link: https://www.econbiz.de/10005822504
wage affects wages even though, after imposition, the lowest wage in the market exceeds the minimum wage. The model has …
Persistent link: https://www.econbiz.de/10005703158
We survey the recent literature on the effects of active labor market policies on individual labor market outcomes like employment and income, for adult female individuals without work in European countries. We consider skill-training programs, monitoring and sanctions, job search assistance,...
Persistent link: https://www.econbiz.de/10005703577