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| Author: | Allen, H. L. McCormick, B. O'Brien, R. J. |
| Title: | Unemployment and the demand for retraining: An economic analysis |
| Journal: | Economic Journal
1991 : MAR, VOL. 101:405, p. 190-201 |
| Index terms: | UNEMPLOYMENT RETRAINING ECONOMIC ANALYSIS SURVEYS DEMAND UNITED KINGDOM |
| Language: | eng |
| Abstract: | Retraining is a major component of UK policy toward unemployment. However, the following questions arise: Who will seek to be retrained? Will the demand for retrained reflect a pattern of incentives similar to other human capital models where education is regarded as a household investment decision? The authors offer answers to these questions, together with an analysis of the extent to which retraining is sought early in a period of unemployment. The available retraining programmes are described, the human capital model summarising the choice decision of the unemployed is presented, a survey of workers who were unemployed is shown, and some conclusions from the findings are drawn. |
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