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Why didn't the college premium rise everywhere?: employment protection and on-the-job investment in skills

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Authors and Corporations: Doepke, Matthias (Author), Gaetani, Ruben (Author)
Other Authors: Gaetani, Ruben [Author]
Type of Resource: E-Book
Language: English
published:
Berlin, Germany German Socio-Economic Panel (SOEP), DIW Berlin [2020]
Series: Deutsches Institut für Wirtschaftsforschung: SOEP papers on multidisciplinary panel data research ; 1093 (2020)
Subjects:
1981-2013
Bildungsertrag
Arbeitnehmerschutz
Betriebliches Bildungsmanagement
Bildungsinvestition
USA
Deutschland
Bildungsertrag
Arbeitnehmerschutz
Betriebliches Bildungsmanagement
Bildungsinvestition
USA
Deutschland
Source: Verbunddaten SWB
Lizenzfreie Online-Ressourcen
Description
Summary: Why has the college wage premium risen rapidly in the United States since the 1980s, but not in European economies such as Germany? We argue that differences in employment protection can account for much of the gap. We develop a model in which firms and workers make relationship-specific investments in skill accumulation. The incentive to invest is stronger when employment protection creates an expectation of long-lasting matches. We argue that changes in the economic environment have reduced relationship-specific investment for less-educated workers in the United States, but not for better-protected workers in Germany.
Physical Description: 1 Online-Ressource (circa 55 Seiten); Illustrationen