reduces daily wages by 8% over the first 15 years in the labor market. The wage penalty appears to be driven by differences in …

provide a valid approximation of observed wages and matching patterns for a large part of the data. For low-type workers …, however, wages are decreasing in the type of the firm a worker is matched with. This prediction of theoretical sorting models …

have started focusing on individual skills rather than on formal qualifications in their recruiting. By analysing a large … university education for AI roles declined by 23%, while AI roles advertise five times as many skills as job postings on average … positions the educational premium persists. In contrast, AI skills have a wage premium of 16%, similar to having a PhD (17 …

central exams positively affect adult skills. However, our estimates are small compared to the existing estimates for students …, which may indicate some fade-out in the effect on skills over time …

This paper studies the relationship between changes in occupational employment, occupational wages, and rising overall … occupations, entrants and leavers earn lower wages than stayers. This empirical fact suggests substantial skill selection effects … counteracting skill changes along the lines of our new empirical fact explain why occupational wages are unrelated to employment …

-skilled workers with wages just above the minimum wage, but negative effects for high-skilled top earners in East Germany, where the … bite was particularly pronounced. There, the minimum wage lowered both returns to skills and skill supply. We propose a …