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What Makes Firm-based Vocational Training Schemes Successful? The Role of Commitment

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. Green open access

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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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