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Direct linkHeckman, James J.; Jacobs, Bas – National Bureau of Economic Research, 2010
Trends in skill bias and greater turbulence in modern labor markets put wages and employment prospects of unskilled workers under pressure. Weak incentives to utilize and maintain skills over the life-cycle become manifest with the ageing of the population. Policies to promote human capital formation reduce welfare state dependency among the…
Descriptors: Labor Force Nonparticipants, Human Capital, Tax Rates, Labor Market
