Abstract

CONTRERAS, Martha Yánez  and  ACEVEDO GONZALEZ, Karina. INVESTING IN EMPLOYMENT TRAINING: A LITERATURE REVIEW. Semest. Econ. [online]. 2012, vol.15, n.31, pp.153-172. ISSN 0120-6346.

This paper reviews the theoretical and empirical literature on Employment Training, which according to economic theory is one of the main components of human capital. The analysis of the literature on employment training provides evidence that the main theoretical developments that have been put forward have been around analyzing the party that pays for the training costs; while the main empirical developments have been around studying the effects of training on wages and productivity, even though the literature on the effect on wages is much more robust.

Keywords : Employment training; labor market imperfections; return on investment for training; labor market.

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