Financial attributes are potentially important influences on the viability of apprenticeship as a mode of vocational education and training. Two financial aspects are considered: apprentices' pay, which determines the division of training costs between the trainee and the employer; and corporate...

Referring to issues raised by recent reforms and future expansion of apprenticeship, this report reveals the consequences serious skills shortages have on the economy as a whole. It calls for radical improvements to the provision of apprenticeship training in Britain in order to close the skills...

Referring to issues raised by recent reforms and future expansion of apprenticeship, this report reveals the consequences serious skills shortages have on the economy as a whole. It calls for radical improvements to the provision of apprenticeship training in Britain in order to close the skills...

Although trainee pay is central to the economics of work-based training, institutionalists have paid it little attention, while economists typically assume that it is set by market clearing. We document large differences in the pay of metalworking apprentices in three countries: relative to the...

This paper considers whether listed companies with dispersed ownership invest less in training than do other firms, as part of a short-termist stance caused by pressure from the stock market. An analytical framework that supports the proposition involves three factors: high agency costs between...