1Deputy Director, ESRC Centre on Skills, Knowledge and Organisational Performance, University of Warwick, Coventry, UK.
Tóm tắt
PurposeThe aim of this paper is to examine market failure and public policy on training.Design/methodology/approachThe paper presents four categories for market failure. It also examines evidence for the incidence of market failureFindingsThe study finds that there is weak evidence for market failure, but that it has featured prominently in policy thinking because of policy makers tendency to compare stocks of skills between countries.Originality/valueThe paper provides useful information on market failure and public policy on training.
Từ khóa
Tài liệu tham khảo
Keep, E. (2006), “Market failure in skills”, SSDA Catalyst, No. 1.
Stevens, M. (1999), “Human capital theory and UK vocational training policy”, Oxford Review of Economic Policy, Vol. 15 No. 1, pp. 16‐32.
