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- W2069451188 abstract "This paper studies a possible market failure in the firm-based vocational training market: training may be too complex to be specified in a contract so that it is legally enforceable, resulting in the inability of firms to commit to training provision. We present a model of firm provided training and show that training is substantially lower in the no commitment than in the commitment case. Thus, firm-based vocational training schemes are more successful in countries where commitment to training provision is more widespread. (JEL J24, L25, M12, M53)" @default.
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- W2069451188 date "2012-04-01" @default.
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- W2069451188 title "What Makes Firm-based Vocational Training Schemes Successful? The Role of Commitment" @default.
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- W2069451188 doi "https://doi.org/10.1257/app.4.2.36" @default.
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