Bernd Fitzenberger - Böcker

This book investigates whether a lack of wage flexibility is at the root of the unemployment problem in West Germany. In the presence of a skill bias in labor demand, only the choice between higher wage inequality or higher unemployment rates seems to exist. Whether and in what way this line of thought is consistent with the experience of West Germany is scrutinized empirically. The analysis ranges from extensive descriptive evidence on labor market trends to the estimation of a structural model of wage bargaining.

Complementing classical least squares regression methods which are designed to estimate conditional mean models, quantile regression provides an ensemble of techniques for estimating families of conditional quantile models, thus offering a more complete view of the stochastic relationship among variables.

Education and training are key to explain the current competitive strengths of national economies, and to secure future competitiveness. While in the past educational and training institutions were often seen as providers of necessary skills for national economies, this view has changed dramatically, with education and training now being seen as a key ingredient for international competitiveness. This collection of papers on various aspects of the economics of education and training reflects this new interest. Reflecting state-of the art research in a cross country comparison, the topics covered are financing of education, transition from school to work, organisation of education, school quality and issues that relate to it, like quality of peers and teacher quality. Some papers also address issues that relate to more vocational training activities, and how these are influenced by purpose-made programmes, or other institutions.

Complementing classical least squares regression methods which are designed to estimate conditional mean models, quantile regression provides an ensemble of techniques for estimating families of conditional quantile models, thus offering a more complete view of the stochastic relationship among variables.

While in the past educational and training institutions were often seen as providers of necessary skills for national economies, this view has changed dramatically, with education and training now being seen as a key ingredient for international competitiveness.

No detailed description available for "Labour Economics".