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The Economics of Private Sector Training: A Survey of the Literature

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  • Edwin Leuven

Abstract

This survey organizes and summarizes existing theoretical work on private sector training. The theoretical models focus on investment efficiency, finance and turnover. Recent developments in the on-the-job training literature are characterized by strategic interaction between employers and employees and emphasize market imperfections. Copyright Blackwell Publishers Ltd, 2005.

Suggested Citation

  • Edwin Leuven, 2005. "The Economics of Private Sector Training: A Survey of the Literature," Journal of Economic Surveys, Wiley Blackwell, vol. 19(1), pages 91-111, February.
  • Handle: RePEc:bla:jecsur:v:19:y:2005:i:1:p:91-111
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