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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.

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
    DOI: 10.1111/j.0950-0804.2005.00240.x
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