Individuals with more years of education generally acquire more training later on in life. Such a relationship may be due to skills learned in early periods increasing returns to educational investments in later periods. This paper addresses the question whether the complementarity between...

This paper analyzes the returns to training that was co-financed by the German voucher program "Bildungsprämie". The estimation strategy compares outcomes of participants in voucher training with voucher recipients who intended to participate in training, but did not do so because of a random...

Die neue Weiterbildungsliteratur zeigt auf, dass Arbeitgeber in monopsonistisch geprägten Märkten bereit sind, nicht nur die Kosten für firmenspezifische, sondern auch für allgemeine Weiterbildung zu tragen, wenn das Risiko, dass Mitarbeiter abgeworben werden, gering ist. Dies bedeutet, dass...