Introduction Empirical Public Finance and Dynamic Models The specific context we will consider is the choice by young Germans to follow apprenticeship training and the subsequent path of wages and employment Our model will explain how individuals choose between the two alternative career paths and will quantify the returns to the career We will then use this framework to simulate the impact of programmes such as the EltC, which are not currently operating Our emphasis will be on the effects of these programmes on human capital accumulationIntroduction Empirical Public Finance and Dynamic Models • The specific context we will consider is the choice by young Germans to follow apprenticeship training and the subsequent path of wages and employment. • Our model will explain how individuals choose between the two alternative career paths and will quantify the returns to the career • We will then use this framework to simulate the impact of programmes such as the EITC, which are not currently operating. • Our emphasis will be on the effects of these programmes on human capital accumulation