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The Economics of the Apprenticeship System (Hardcover)
Loot Price: R2,904
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The Economics of the Apprenticeship System (Hardcover)
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The past ten years have witnessed a renewed interest in the
apprenticeship system of industrial training. Employers have been
shown to carry a large part of the cost of essentially general
training with apparent little return to the firm - a problem which
has generated a wide range of literature that explores new
theoretical models, comparative systems, and recent developments in
systems of youth training and the economic theory of contracts.
Using contract theory as the common underlying framework, this book
brings together recent contributions to this literature, providing
a complete and coherent economic analysis of the apprenticeship
system. The authors begin with a comparative-historical
perspective, and then go on to review a number of recent models of
the training decision of firms, before offering a unique insight
into the current debate on the future of the apprenticeship system.
Well-written and well-researched, this book succeeds in achieving a
perfect blend of theory, evidence, and history. It will appeal to
scholars in the fields of labour economics and human resource
management, as well as those in private and public sectors working
on policy development and planning of vocational education and
training.
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