We develop a simple search equilibrium model of workplace training and education based on two features. First …, investment in education improves job-related learning skills and reduces training costs burdened by firms. Second, firms with …

The purpose of this paper is to provide an update of the empirical evidence on the private returns to education in … Italy. First, we show that, whilst returns to education in Italy (based on gross wages) are in line with the European … marginal return to the marginal cost of education – we speculate that either marginal costs are steeper in Italy or that a …

education over the working life of individuals. We find evidence that employees with tertiary education have steeper experience … profiles than employees with upper secondary or compulsory education. Hence, education provides not only an initial labor … in earnings growth by education are lower in countries with a higher level of corporatism and higher in countries which …

This paper considers education investment and public education subsidies in closed and open economies with an … extortionary government. The extortionary government in a closed economy has incentives to subsidize education in order to overcome … their education policies if highly productive labor is fully mobile. Extortionary governments? incentives for education …

substitution of low education / high experience workers by low experience / high education workers by using US and French microdata … explain the changes in returns to experience. It also accounts for a part of the increase in returns to education between 1980 …: the elasticity of substitution between experience and education, which is found to be less than half. In France, the …

immigrants of German descent and foreign origin persons. Education is a key indicator for future economic and social perspectives …

This paper is an empirical investigation of the complementarity between education and training in 13 European countries … higher among individuals with more education, I find that the relationship between educational attainment and training … Kaitz index. I also find evidence that individuals with more education and limited labor market experience enjoy higher …