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American Economic Journal: Applied Economics: Vol. 4 No. 2 (April 2012)

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What Makes Firm-Based Vocational Training Schemes Successful? The Role of Commitment

Article Citation

Dustmann, Christian, and Uta Schönberg. 2012. "What Makes Firm-Based Vocational Training Schemes Successful? The Role of Commitment." American Economic Journal: Applied Economics, 4(2): 36-61.

DOI: 10.1257/app.4.2.36

Abstract

This paper studies a possible market failure in the firm-based vocational training market: training may be too complex to be specified in a contract so that it is legally enforceable, resulting in the inability of firms to commit to training provision. We present a model of firm provided training and show that training is substantially lower in the no commitment than in the commitment case. Thus, firm-based vocational training schemes are more successful in countries where commitment to training provision is more widespread. (JEL J24, L25, M12, M53)

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Authors

Dustmann, Christian (U College London)
Schönberg, Uta (U College London)

JEL Classifications

J24: Human Capital; Skills; Occupational Choice; Labor Productivity
L25: Firm Performance: Size, Diversification, and Scope
M12: Personnel Management; Executive Compensation
M53: Personnel Economics: Training

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