Market failure and public policy on training: some reasons for caution

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Permanent URL for this page: http://hdl.voced.edu.au/10707/151984.


Author: Keep, Ewart

Abstract:

Purpose - The aim of this paper is to examine market failure and public policy on training. Design/methodology/approach - The paper presents four categories for market failure. It also examines evidence for the incidence of market failure. Findings - The study finds that there is weak evidence for market failure, but that it has featured prominently in policy thinking because of policy makers tendency to compare stocks of skills between countries. Originality/value - The paper provides useful information on market failure and public policy on training.

Published abstract reprinted by permission of the copyright owner.

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Purpose - The aim of this paper is to examine market failure and public policy on training. Design/methodology/approach - The paper presents four categories for market failure. It also examines evidence for the incidence of market failure. Findings - The study finds that there is weak evidence for market failure, but that it has featured prominently in policy thinking because of policy makers tendency to compare stocks of skills between countries. Originality/value - The paper provides useful information on market failure and public policy on training.

Published abstract reprinted ...  [+] Show more

Subjects: Skills and knowledge; Policy; Teaching and learning

Keywords: Training

Published: Bradford, England: Emerald, 2006

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Publisher or alternative source

Journal title: Development and learning in organizations: an international journal

Journal volume : 20

Journal number: 6

Journal date: 2006

Pages: pp.7-9

ISSN: 1477-7282

Statement of responsibility: Ewart Keep

Resource type: Article

Call Number:
TD/TNC 87.356



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