1993•International Journal of ManpowerRequires access

Training, Productivity and Underemployment in Institutional Labour Markets

Clair Brown

Abstract

Analyses the role of training in forming under‐employment, which is a basic characteristic of an institutional labour market. Compares the basic assumptions of an institutional labour market to those of a neoclassical labour market. Discusses in detail the institutional framework for on‐the‐job training. Finally, considers policy issues relating to job training.

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Key concepts: Underemployment, Labour economics, Productivity, Economics, Training (meteorology), Unemployment, Macroeconomics, Meteorology