Dustmann, C;
Schoenberg, U;
(2012)
What Makes Firm-based Vocational Training Schemes Successful? The Role of Commitment.
American Economic Journal: Applied Economics
, 4
(2)
pp. 36-61.
10.1257/app.4.2.36.
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Abstract
This paper studies a possible market failure in the firm-based vocational training market: training may be too complex to be specified in a contract so that it is legally enforceable, resulting in the inability of firms to commit to training provision. We present a model of firm provided training and show that training is substantially lower in the no commitment than in the commitment case. Thus, firm-based vocational training schemes are more successful in countries where commitment to training provision is more widespread.
| Type: | Article |
|---|---|
| Title: | What Makes Firm-based Vocational Training Schemes Successful? The Role of Commitment |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1257/app.4.2.36 |
| Publisher version: | http://dx.doi.org/10.1257/app.4.2.36 |
| Language: | English |
| Additional information: | This version is the version of record. For information on re-use, please refer to the publisher’s terms and conditions. |
| Keywords: | Social Sciences, Economics, Business & Economics, YOUNG WORKERS, UNITED-STATES, LABOR-MARKET, APPRENTICESHIP, WAGES, INVESTMENT, PRODUCTIVITY, ACQUISITION, CONTRACTS, EMPLOYERS |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL SLASH UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Economics |
| URI: | https://discovery.ucl.ac.uk/id/eprint/1413696 |
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