The Role of Career Aspirations and Financial Constraints in Individual Access to Vocational Training
AbstractThe incidence of vocational training is influenced by characteristics of workers and firms. The authors investigate the determinants of both employer-arranged training and individually organized training. The data relate to training spells experienced by 2,000 British workers in 1984-87, when the propensity to train was rising rapidly. Both recent training and future expected training are related to a wide range of personal and job characteristics, including attitudes and incomes. Low income is associated with the failure to undertake training, suggestive of market failure in selection. However, training incidence is higher for those with positive career aspirations, which reflects an efficient selection rule. Copyright 1994 by Royal Economic Society.
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Bibliographic InfoPaper provided by University of Oxford, Department of Economics in its series Economics Series Working Papers with number 99136.
Length: 25 pages
Date of creation: 1992
Date of revision:
training ; employment ; economic models;
Other versions of this item:
- Greenhalgh, Christine & Mavrotas, George, 1994. "The Role of Career Aspirations and Financial Constraints in Individual Access to Vocational Training," Oxford Economic Papers, Oxford University Press, vol. 46(4), pages 579-604, October.
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- Simone Tuor & Uschi Backes-Gellner, 2009. "Time - Even More Costly Than Money: Training Costs of Workers and Firms," Economics of Education Working Paper Series 0046, University of Zurich, Institute for Strategy and Business Economics (ISU).
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