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On-the-Job Training : Returns, Barriers to Provision, and Policy Implications / Priyam Saraf.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Saraf, Priyam.
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Competition.
- Constraint.
- Demand.
- Employer.
- Firms.
- Human Capital.
- Information.
- Management.
- On-The-Job Training.
- Productivity.
- Skills.
- Wages.
- Workers.
- Local Subjects:
- Competition.
- Constraint.
- Demand.
- Employer.
- Firms.
- Human Capital.
- Information.
- Management.
- On-The-Job Training.
- Productivity.
- Skills.
- Wages.
- Workers.
- Physical Description:
- 1 online resource (61 pages)
- Other Title:
- On-the-Job Training
- Place of Publication:
- Washington, D.C. : The World Bank, 2017.
- System Details:
- data file
- Summary:
- Firms that provide on-the-job training do so when it is critical to their productivity-and when productivity is critical to their survival. This paper begins by confirming a significant and positive return from on-the-job training on wages and productivity, as well as the presence of positive externalities from on-the-job training, while discussing the methodological considerations at play. The paper then reviews and validates the presence of market failures such as information asymmetries within the firm as a result of low-quality management practices that dampen firm demand for on-the-job training. Lack of competition in the firm's external environment appears to undermine adoption of on-the-job training and other complementary productivity-enhancing activities within the firm. The literature suggests that for most firms, a comprehensive policy approach that resolves external constraints to becoming more productive is likely to have a positive impact on the provision of on-the-job training and adoption of complementary policies. More direct forms of firm-level support to improve management capabilities could also alleviate under-provision of on-the-job training. Where societies have improved welfare as a goal, public policy measures would be needed to complement on-the-job training for some specific groups of workers (older, less educated, women). In essence, the paper highlights the importance of demand-side constraints for firms, rather than supply-side constraints, for the provision of on-the-job training.
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