The economics of the apprenticeship system


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Author: Smits, Wendy; Stromback, Thorsten


Over the last decade, research has revealed that employers pay for a large proportion of general training with little apparent return to their companies. This has generated research on new theoretical models, comparative systems and recent developments in systems of youth training and the economic theory of contracts. This publication uses contract theory as the underlying framework to provide a complete and coherent economic analysis of the apprenticeship system as applied in Europe, America and Australia. The authors adopt a comparative-historical perspective and review a number of...  [+] Show more

Subjects: Apprenticeship; Outcomes; Economics; Governance; Employment; Finance; Teaching and learning

Keywords: Apprentice; Apprenticeship contract; Future; Economic analysis; Education and training system; Employers; Training investment; Training; Decision making; History

Geographic subjects: North America; Europe; United States

Published: Cheltenham, England: Edward Elgar Publishing, 2001

Physical description: x, 168 p.

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ISBN: 1840641975

Statement of responsibility: Wendy Smits, Thorsten Stromback

Resource type: Report, paper or authored book

Document number: TD/TNC 71.208

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