Skills Training: Public Policy Aspects
(2015) 22. p.20-24- Abstract
- This article describes factors influencing investments in skills training as well as related outcomes in terms of participation rates and benefits on an individual and societal level. Market mechanisms largely drive human capital investments. According to this logic, workers and employers conduct a cost–benefit analysis, weighing expected payoffs against expected costs and investing accordingly. At the same time, market failures and collective action problems may occur in the provision of training. Various policies and institutions have been shown to resolve such problems and boost training. Whereas participation rates vary widely by firm characteristics, high rates of participation help countries specialize in high-quality production and... (More)
- This article describes factors influencing investments in skills training as well as related outcomes in terms of participation rates and benefits on an individual and societal level. Market mechanisms largely drive human capital investments. According to this logic, workers and employers conduct a cost–benefit analysis, weighing expected payoffs against expected costs and investing accordingly. At the same time, market failures and collective action problems may occur in the provision of training. Various policies and institutions have been shown to resolve such problems and boost training. Whereas participation rates vary widely by firm characteristics, high rates of participation help countries specialize in high-quality production and achieve high job satisfaction. (Less)
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/5277400
- author
- Nelson, Moira LU
- organization
- publishing date
- 2015
- type
- Chapter in Book/Report/Conference proceeding
- publication status
- published
- subject
- host publication
- International Encyclopedia of the Social & Behavioral Sciences (Second Edition)
- editor
- Wright, James D.
- volume
- 22
- pages
- 5 pages
- publisher
- Elsevier
- external identifiers
-
- scopus:85043435223
- DOI
- 10.1016/B978-0-08-097086-8.75010-0
- language
- English
- LU publication?
- yes
- id
- 200eeac8-fa59-4cb7-a550-c18a2a685550 (old id 5277400)
- date added to LUP
- 2016-04-04 12:08:57
- date last changed
- 2022-01-29 22:58:06
@inbook{200eeac8-fa59-4cb7-a550-c18a2a685550,
abstract = {{This article describes factors influencing investments in skills training as well as related outcomes in terms of participation rates and benefits on an individual and societal level. Market mechanisms largely drive human capital investments. According to this logic, workers and employers conduct a cost–benefit analysis, weighing expected payoffs against expected costs and investing accordingly. At the same time, market failures and collective action problems may occur in the provision of training. Various policies and institutions have been shown to resolve such problems and boost training. Whereas participation rates vary widely by firm characteristics, high rates of participation help countries specialize in high-quality production and achieve high job satisfaction.}},
author = {{Nelson, Moira}},
booktitle = {{International Encyclopedia of the Social & Behavioral Sciences (Second Edition)}},
editor = {{Wright, James D.}},
language = {{eng}},
pages = {{20--24}},
publisher = {{Elsevier}},
title = {{Skills Training: Public Policy Aspects}},
url = {{http://dx.doi.org/10.1016/B978-0-08-097086-8.75010-0}},
doi = {{10.1016/B978-0-08-097086-8.75010-0}},
volume = {{22}},
year = {{2015}},
}