Book
Cambridge University Press Books
Acquiring Skills: Market Failures, Their Symptoms and Policy Responses
- The low-skill, bad-job trap
- Introduction: does the free market produce enough skills?
- Transferable training and poaching externalities
- Credit constraints, investment externalities and growth
- Education and matching externalities
- Dynamic competition for market share and the failure of the market for skilled labour
- 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
- 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