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Acquiring Skills : Market Failures, their Symptoms and Policy Responses - Alison L. Booth

Acquiring Skills

Market Failures, their Symptoms and Policy Responses

By: Alison L. Booth (Editor), Dennis J. Snower (Editor)

Hardcover

Published: 31st May 1996
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In recent years, technological change, unemployment and industrial restructuring have highlighted training and the acquisition of skills as a policy issue. There is widespread concern that employees are insufficiently skilled, and it is recognised that this deficiency can have serious economic consequences. The situation is likely to become particularly urgent, as the dramatic increase in the share of temporary and part-time employment in the OECD leads to a decline in the incentives to train. This book, from the Centre for Economic Policy Research, provides a systematic account of the causes, consequences, and policy implications of failure in training provision and skills acquisition in the industrial world. It explains why the market mechanism leads people to under-invest in skills and examines the empirical outcome of these problems using a portfolio of examples for European countries.

"As a collection of essays, this volume is a rousing success: the essays are interesting, clever and thought provoking." Industrial and Labor Relations Review

List of figures
List of tables
Preface
List of contributors
Introduction: Does the free market produce enough skills?
Market Failures: the Causes of Skills Gaps
Transferable training and poaching externalities
Credit constraints, investment externalities and growth
Education and matching externalities Kenneth Burdett
Dynamic competition for market share and the failure of the market for skilled labour David Ulph
The low-skill, bad-job trap Dennis J. Snower
Empirical Consequences of Skills Gaps
Changes in the relative demand for skills
Skill shortages, productivity growth and wage inflation
Workforce skills, product quality and economic performance
Workforce skills and export competitiveness
Government Failures and Policy Issues
Market failure and government failure in skills investment
Training implications of regulation compliance and business cycles
On apprenticeship qualifications and labour mobility
Evaluating the assumptions that underlie training policy
Conclusions: government policy to promote the acquisition of skills
Index
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521472050
ISBN-10: 0521472059
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 374
Published: 31st May 1996
Publisher: Cambridge University Press
Country of Publication: GB
Dimensions (cm): 22.8 x 15.2  x 2.5
Weight (kg): 0.72