Abstract
What is the rationale for the public to finance and provide job training and retraining? This question may seem out of place in light of this country’s 30-year history of federal support for training and retraining programs. Yet, the checkered history of these programs--reflected by their changing purposes, shifting organizational structures, and at best mixed results--leaves a residue of concern about them. This concern is heightened by what appear to be mounting political pressures to expand federal training programs. These pressures stem from increased attention to the collective good attributes of training and renewed emphasis on the social costs of worker displacement. For these reasons, the rationale for public support of training and retraining programs needs to be clarified.
Prepared for Symposium on Market Failure in Training, La Follette Institute of Public Affairs, University of Wisconsin-Madison, May 11-12, 1989.
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Hansen, W.L. (1991). Nonmarket Failure in Government Training Programs. In: Stern, D., Ritzen, J.M.M. (eds) Market Failure in Training?. Studies in Contemporary Economics. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-76986-3_9
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