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

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.

Purpose - The aim of this paper is to examine market failure and public policy on training. Design/methodology/approach - ...  Show Full Abstract  

Authors: Keep, Ewart
Date: 2006
Journal title: Development and learning in organizations: an international journal
Resource type: Article
Subjects: Skills and knowledge; Policy; Teaching and learning

VITAL Object