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Acquiring Skills - Market Failures, their Symptoms and Policy Responses (Hardcover, New)
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Acquiring Skills - Market Failures, their Symptoms and Policy Responses (Hardcover, New)
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In recent years, technological change, unemployment and industrial
restructuring have highlighted training and the acquisition of
skills as a policy issue. There is widespread concern that
employees are insufficiently skilled, and it is recognized that
this deficiency can have serious economic consequences. The
situation is likely to become particularly urgent, as the dramatic
increase in the share of temporary and part-time employment in the
OECD leads to a decline in the incentives to train. This book, from
the Centre for Economic Policy Research, provides a systematic
account of the causes, consequences, and policy implications of
failure in training provision and skills acquisition in the
industrial world. It explains why the market mechanism leads people
to under-invest in skills and examines the empirical outcome of
these problems using a portfolio of examples for European
countries.
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