Should Firms Be Required To Pay For Vocational Training?
构建了一个受信贷约束和劳动力市场外部性影响的培训市场模型，分析不同政策对工人和企业福利的影响，发现无论投资不足的原因如何，都有理由让企业承担培训成本。
Failure in the training market may result from credit constraints and other capital market imperfections, deterring potential trainees, or labour market imperfections creating external benefits for firms. This paper presents a model of a training market affected by both problems, and examines their impact, and the impact of various policy measures, on the welfare of workers and firms. It is shown that there is a rationale for imposing training costs on firms, irrespective of the cause of under-investment. However, training levy schemes in which the levy depends upon the wage bill are shown to address capital market imperfections only.