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Qualitative Efficiency Assessment of Markets: An Institutional Approach to Training

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Author Info
Mark Schonewille (University of Nijmegen)

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Abstract

We investigate the effect of institutions on efficiency of training markets. After setting up a theoretical institutional framework that shows how institutions affect efficiency, we apply this framework to the real world. An empirical analysis of institutions affecting training markets will enable us to determine the institutional efficiency of these markets, under the assumption that a positive relationship exists between efficiency and productivity. Finally, we compare institutional efficiency scores of national training markets to other measures of productivity and ask whether a particular set of institutions maximises efficiency.

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Publisher Info
Paper provided by EconWPA in its series HEW with number 0405006.

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Length: 33 pages
Date of creation: 31 May 2004
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Handle: RePEc:wpa:wuwphe:0405006

Note: Type of Document - pdf; pages: 33. This is a preliminary version.
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Web page: http://129.3.20.41

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Related research
Keywords: institutions; vocational training; continuing education; labour markets; productivity; efficiency; production frontier;

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Find related papers by JEL classification:
H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents
H4 - Public Economics - - Publicly Provided Goods
H5 - Public Economics - - National Government Expenditures and Related Policies
I2 - Health, Education, and Welfare - - Education
J4 - Labor and Demographic Economics - - Particular Labor Markets

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References listed on IDEAS
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  1. J.A. Bikker, 2003. "Efficiency and Cost Differences across Countries in a Unified EuropeanBanking Market," DNB Staff Reports (discontinued) 87, Netherlands Central Bank. [Downloadable!]
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  2. Daron Acemoglu & Joern-Steffen Pischke, 1998. "Beyond Becker: Training in Imperfect Labor Markets," Working papers 98-12, Massachusetts Institute of Technology (MIT), Department of Economics.
    Other versions:
  3. Ann P. Bartel, 1991. "Productivity Gains From the Implementation of Employee Training Programs," NBER Working Papers 3893, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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