List of Figures List of Tables Notes on the Contributors Acknowledgements Introduction: H.Heijke & J.Muysken PART I: EDUCATION On Returns to Education: Wandering Along the Hills of Oru Land; J.Hartog A Stochastic Dynamic Programming Model of Education Choices in Sweden; C.Belzil & J.Hansen The Choice of a Discipline at University: Risk versus Returns; D.Rochat & J.Demeulemeester The Effects of School Quality on Pupil Outcomes: An Overview; P.Dolton & A Vignoles On Trickling Chimneys and Other Unemployment Misery; A.van Zon, H.Meijers & J.Muysken PART II: TRAINING Mismatch Between Occupation and Education and the Costs and Benefits of Job-related Training; P.van Eijs & H.Heijke Over/Undereducation and Specific Training in Spain: Complementary or Substitute Components of Human Capital?; P.Beneito, J.Ferri, M.L.Molto & E.Uriel Vocational Training and the Poaching Externality: Evidence for France; L.Hocquet Technological Change and Skill Obsolescence: The Case of German Apprenticeship Training; D.Blechinger & F.Pfeiffer PART III: PERSPECTIVES Technology, Globalisation and Employment: Analytical and Policy Challenges; L.Soete Subject Index