We examine two different policy regimes towards continuing vocational training for the adult workforce: policy in France has been interventionist, using an employer training levy since the 1970s, whereas British policy has relied largely on individual initiatives for training investment by employers and workers. We begin with a review of the theory of vocational training, indicating why market failure and underprovision are the likely outcome and signalling types of corrective policy that mig...Expand abstract
- Fiscal Studies
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Does an Employer Training Levy Work? The Incidence of and Returns to Adult Vocational Training in France and Britain.
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