The Market for Training: A Human Capital Approach
Derek Bosworth
(Institute for Employment Research, University of Warwick, UK)
Rob Wilson
(Institute for Employment Research, University of Warwick, UK)
Abbebe Assefa
(Institute for Employment Research, University of Warwick, UK)
215
Abstract
Considers the optimal training decisions of firms and individuals, and provides a number of reasons why there may be underinvestment in the market for training. Reflects on the individual′s decision to invest in training in the context of dynamic labour supply theories. This is combined with a model of the firm′s decision‐making process to provide a “market for training” in which wage‐training‐employment contracts are determined.
Keywords
Citation
Bosworth, D., Wilson, R. and Assefa, A. (1993), "The Market for Training: A Human Capital Approach", International Journal of Manpower, Vol. 14 No. 2, pp. 33-46. https://doi.org/10.1108/EUM0000000000915
Publisher
:MCB UP Ltd
Copyright © 1993, MCB UP Limited