This paper reviews both the theoretical underpinnings and the empirical evidence in support of the under-provision of training. While there is little if any evidence in support of underprovision because of liquidity constraints to the demand side of the market, there is evidence that employers...

The education reform movement includes efforts to raise teacher quality through stricter certification and licensing provisions. Most US states now require public school teachers to pass a standardized test such as the Praxis. Although any barrier to entry is likely to raise wages in the...

In der Diskussion über die Integration von Migranten werden die Bedeutung beruflicher Qualifikationen und ausreichender Kenntnisse der deutschen Sprache als besonders wichtige Voraussetzungen für die Teilnahme am Arbeitsmarkt dargestellt. Seit September 2004 kann die Bundesagentur für Arbeit...

In this paper I note the basic paradox of workforce development policy: that, in an era in which skills are more important than ever as determinants of labor market earnings, we spend fewer and fewer public (federal) dollars on workforce development over time. I present trends in funding and how...