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dc.contributor.authorBishop, John H.
dc.date.accessioned2020-11-17T17:19:46Z
dc.date.available2020-11-17T17:19:46Z
dc.date.issued1993-01-01
dc.identifier.other170548
dc.identifier.urihttps://hdl.handle.net/1813/75475
dc.description.abstract"Many economists question the need for social intervention in training, arguing that the benefits accruing to employers and employees create sufficient incentive for private financing. Research findings indicate that in practice this means depending on employers because it is they who pay for the bulk of employee training, even when the skills being taught are useful at other firms. Yet in practice, private incentives for on-the-job learning and training do not currently generate broader results that are in the public interest. This chapter looks at the theoretical and empirical evidence of market failure in training provisions. It argues that the training market in the United States is failing to provide a socially optimal quantity and quality of employer training. Specifically, it examines four potential sources of market failures: real externalities, tax-induced distortions, liquidity constraints, and government regulatory interventions that discourage training. Each of them are found to operate to some degree in some training markets."
dc.language.isoen_US
dc.rightsRequired Publisher Statement: Copyright by Hampton Press. Published version posted with special permission of the copyright holder.
dc.subjecthuman resource
dc.subjectilr
dc.subjectemployer
dc.subjectworker
dc.subjecttraining
dc.subjectunder invest
dc.subjectlearning
dc.subjectbenefit
dc.subjectvocational education
dc.subjecteducation
dc.subjectprogram
dc.subjectjob market
dc.subjectemployee
dc.subjectskill
dc.subjecthigh school
dc.subjectOJT
dc.subjectstudent
dc.subjectlabor
dc.titleDo Most Employers and Workers Underinvest in Training and Learning On the Job?
dc.typearticle
dc.description.legacydownloadsBishop_80_Do_Most_Employers_and_workers.pdf: 628 downloads, before Oct. 1, 2020.
local.authorAffiliationBishop, John H.: jhb5@cornell.edu Cornell University


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