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Replication data for: What Makes Firm-Based Vocational Training Schemes Successful? The Role of Commitment

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Mendeley Data2024-06-25 更新2024-06-27 收录
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This paper studies a possible market failure in the firm-based vocational training market: training may be too complex to be specified in a contract so that it is legally enforceable, resulting in the inability of firms to commit to training provision. We present a model of firm provided training and show that training is substantially lower in the no commitment than in the commitment case. Thus, firm-based vocational training schemes are more successful in countries where commitment to training provision is more widespread. (JEL J24, L25, M12, M53)

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2023-06-28
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