Becoming famous and in the most favorable scenario winning the Nobel Prize is the dream of many young and ambitious economists. Yet, many young re-searchers are talented and only very few of them succeed to become famous in the course of their career. If we take talent for granted questions of...

Although participation in continuing vocational training is often found to be associated with considerable individual benefits, a puzzlingly large number of people still do not take part in training. We argue that in order to solve the puzzle it is important to take selection effects into...

Avoiding labor shortages for skilled employees is one of the major challenges for highly competitive firms acting in tight labor markets. The ability to avoid labor shortages on the company level, for example measured by the share of vacant jobs, is distributed very unevenly and cannot in...

Zur Motivation von Mitarbeitern werden in der Praxis oft sogenannte Incentive-Reisen eingesetzt. Die Teilnahmeberechtigung an einer Incentive-Reise wird dabei typischerweise im Rahmen eines Turniers vergeben, bei dem eine fest umgrenzte Zahl an Mitarbeitern um eine vorgegebene Anzahl an...