Economists once believed firms do not pay to develop occupational skills that workers could use in other, often … competing, firms. Researchers now recognize that most firms benefit from investing in apprenticeship training. Evidence … their investment pay off only after accounting for reduced turnover, recruitment, and initial training costs. Generally, the …

Skills are a central source of high productivity and economic well-being. But what do we mean by productive skills …? Both with regard to measurement and policy, the primary focus in the U.S. has been on academic skills, as measured by tests … consensus is emerging that an array of non-academic skills and occupational skills may be at least as important for labor market …

school to the labor market. Limited skills relative to the demands of employers also play a role. This paper proposes three … major policy initiatives for upgrading and expanding worker training to bolster productivity and wages: 1) Improve access to … in-demand training through better information, technology, and targeted funding; 2) Strengthen connections between career …

Economists once believed firms do not pay to develop occupational skills that workers could use in other, often … competing, firms. Researchers now recognize that most firms benefit from investing in apprenticeship training. Evidence … their investment pay off only after accounting for reduced turnover, recruitment, and initial training costs. Generally, the …