This book approaches the economics of training from the two contrasting viewpoints of theory and policy applications. Although it attempts to paint a wide canvas and cover most of the relevant areas of the subject, the focus adopted is a particular one: that which sees training as a branch of human-capital economics. Given this emphasis, it is particularly concerned with the training-investment decision. How is training financed? What is the role of individual self-investment in total training provision? Why does the Government intervene, both in private training markets and through state provision of training (and retraining) schemes? How can the costs and benefits of these schemes be evaluated?
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