Publisher's Synopsis
"The Economics of Training" provides a study and comprehensive account of the application of economic ideas to the analysis of training. The book focuses on three main areas: theory, evidence and policy. The theory draws on the human capital approach and shows how many diverse economic ideas might be combined effectively in the development of a general theory. The policy chapters are based on both theory and evidence and provide an account of the key policy issues for both the UK and other economies. The book points out several areas which require further research and explains why training policy in the UK has always been largely misconceived and ineffective.;This book is intended for students of labour economics, industrial relations and human resource mangement, and for all those interested in developing a more rigorous base for training policy.
