Firms’ Propensity to Train

  • David Stern
  • Charles S. Benson
Part of the Studies in Contemporary Economics book series (CONTEMPORARY)


This chapter considers why some firms spend a great deal of time and money to encourage continual learning by employees. The question is relevant to public policy, given the widespread belief that demands for continual learning by the workforce at large are increasing and will continue to increase. It is also relevant to ongoing research by economists seeking to understand the process of skill formation and the possible existence of market failure.


Human Capital Market Failure Wage Growth General Training Employment Security 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© Springer-Verlag Berlin Heidelberg 1991

Authors and Affiliations

  • David Stern
    • 1
  • Charles S. Benson
    • 1
  1. 1.School of EducationUniversity of CaliforniaBerkeleyUSA

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