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The present work proposes a novel methodology for the measurement of investment in human capital in the form of training. Differently from existing studies, the expenditures-based approach pursued encompasses investment in formal and on-the-job training, as well as in informal learning and...
Persistent link: https://www.econbiz.de/10011403435
Based on Baumol’s cost-disease model, we develop two alternative measures of the change in the productivity of schooling. Both productivity measures are based on changes in the relative price of schooling. We find that in most OECD countries the price of schooling has increased faster in...
Persistent link: https://www.econbiz.de/10011491109
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We analyze workers’ risk preferences and training investments. Our conceptual framework differentiates between the investment risk and insurance mechanisms underpinning training decisions. Investment risk leads risk-averse workers to train less; they undertake more training if it insures them...
Persistent link: https://www.econbiz.de/10012600170
We analyze workers' risk preferences and training investments. Our conceptual framework differentiates between the investment risk and insurance mechanisms underpinning training decisions. Investment risk leads risk-averse workers to train less; they undertake more training if it insures them...
Persistent link: https://www.econbiz.de/10012306154
Persistent link: https://www.econbiz.de/10013259281
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The importance of skills development for national economic growth has been increasingly emphasized. Skills development system and strategy are critical in enhancing individual worker's productivity, national competitiveness and consequently people's economic wellbeing. Vocational education and...
Persistent link: https://www.econbiz.de/10012181820
The aim of this paper is to explore the relationship between non-standard contracts (part-time, fixed-term) and workplace training by discussing the implications of two different theoretical frameworks grounding on human capital theory and strategic management, respectively. To achieve this...
Persistent link: https://www.econbiz.de/10011714284
Investitionen in Weiterbildung werden typischerweise durch die erwartete Zunahme individueller Fähigkeiten motiviert … informeller beruflicher Weiterbildung abhängt, und welche Auswirkungen diese auf den individuellen Arbeitsverdienst in einer … zwischen abhängigen und selbständig Erwerbstätigen. Selbständige, so die Hypothese, tragen die Kosten der Weiterbildung selbst …
Persistent link: https://www.econbiz.de/10011443509