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Acquiring Skills: Market Failures, Their Symptoms and Policy Responses

Acquiring Skills: Market Failures, Their Symptoms and Policy Responses

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In recent years, technological change, unemployment and industrial restructuring have highlighted training and the acquisition of skills as a policy issue. Throughout the industrialized world there is widespread concern that employees are insufficiently skilled. This deficiency can have serious economic consequences, reflected in excessive unemployment, meager growth, impeded competitiveness, excessive wages, insufficient innovation, and deficient product quality. This volume, from the Centre for Economic Policy Research, provides a systematic account of all the major market failures in the area of skills acquisition.

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Pub dateApr 18, 1996
ISBN-100521472059
ISBN-139780521472050
LanguageEnglish
Last updated 2026-04-26 11:34
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