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The Economics of Private Sector Training: A Survey of the Literature

Leuven, Edwin, "The Economics of Private Sector Training: A Survey of the Literature" . Journal of Economic Surveys, Vol. 19, No. 1, pp. 91-111, February 2005 Available at SSRN:


    This survey organizes and summarizes existing theoretical work on private sector training. The theoretical models focus on investment efficiency, finance and turnover. Recent developments in the on-the-job training literature are characterized by strategic interaction between employers and employees and emphasize market imperfections.
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