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Moira Nelson

Moira Nelson

Docent | Universitetslektor

Moira Nelson

Skills Training: Public Policy Aspects

Författare

  • Moira Nelson

Redaktör

  • James D. Wright

Summary, in English

This article describes factors influencing investments in skills training as well as related outcomes in terms of participation rates and benefits on an individual and societal level. Market mechanisms largely drive human capital investments. According to this logic, workers and employers conduct a cost–benefit analysis, weighing expected payoffs against expected costs and investing accordingly. At the same time, market failures and collective action problems may occur in the provision of training. Various policies and institutions have been shown to resolve such problems and boost training. Whereas participation rates vary widely by firm characteristics, high rates of participation help countries specialize in high-quality production and achieve high job satisfaction.

Avdelning/ar

  • Statsvetenskapliga institutionen

Publiceringsår

2015

Språk

Engelska

Sidor

20-24

Publikation/Tidskrift/Serie

International Encyclopedia of the Social & Behavioral Sciences (Second Edition)

Volym

22

Dokumenttyp

Artikel i uppslagsverk

Förlag

Elsevier

Ämne

  • Political Science

Status

Published