TITLE

ECONOMIC ASPECTS OF YOUTH TRAINING IN INDUSTRIALISED COUNTRIES

AUTHOR(S)
Greenaway, David
PUB. DATE
September 1993
SOURCE
Economic Journal;Sep93, Vol. 103 Issue 420, p1259
SOURCE TYPE
Academic Journal
DOC. TYPE
Editorial
ABSTRACT
This article presents a policy forum on the economic aspects of youth training in industrialized countries. Two apparently unrelated forces have resulted in a significant increase in interest in the role of training in a modern industrial economy. On the one hand, the 1980s saw a considerable increase in unemployment in a number of industrialised economies. In searching for explanations for this increase economists have focused upon occupational segmentation in the labour market and its role in creating mismatches across industries. A second force has been the development of endogenous growth theory, with its emphasis on human capital. A key policy issue arising from this is the appropriate role of government in human capital formation through education and training. The analysis of the economics of training has been conducted at a number of levels, but has been especially sharply focused at the youth level. Youth training raises some very important economic issues. The papers in this Policy Forum not only clearly articulate those issues, they also outline the different institutional arrangements which exist in three industrialised economies. As such they offer valuable insights into an issue which is high on the policy agenda.
ACCESSION #
9401270890

 

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