WP 07/124 - The International Literature on Skills Training and the Scope for South African Application
Date of Publication:
This paper aims to place, in the South African policy context, selected issues from the international literature on skills training. The main lessons are that skills training resembles education in being partly a public good. Problems of information, incentives and market power preclude the emergence of a training equilibrium in which individual workers and employers pursue their interests efficiently.
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