ERIC Number: ED338916
Record Type: RIE
Publication Date: 1990-Aug
Education, Training, and Labor Markets: A Policy Perspective. NCEE Brief Number 8.
Vaughan, Roger J.
Three important human capital questions must be addressed by U.S. policy makers: What are the effects of employer-sponsored training? Do employers invest enough in employee training? and How will accelerating technological change affect the need for employer-sponsored training and for complementary investments in education? Four policy implications of research on labor market dynamics are as follows: (1) there is no clear empirical evidence to support either increases or reduction in incentives for employer-sponsored training, but if policy makers do decide to provide further incentives, they should examine incentives to employees as well as to employers; (2) public programs, especially public schools, must prepare a much larger share of new entrants for well-paid, higher-skilled jobs; (3) remedial education or further training may deal with the problem of high unemployment rates more effectively than creating new jobs; and (4) data should be collected systematically to allow for an analysis of the level and effectiveness of all types of human capital investments. The educational system must sharply reduce the proportion of graduates with poor qualifications. Coordination will be required among employers and educational institutions. Federal and state economic policies must address the basic problem which is that those workers with problems in finding new employment need to extend their education or training. (NLA)
Descriptors: Economic Research, Educational Economics, Educational Finance, Elementary Secondary Education, Employment Qualifications, Human Capital, Incentives, Job Skills, Job Training, Labor Force Development, Labor Market, Policy Formation, Postsecondary Education, Public Policy, Remedial Instruction, School Business Relationship, Structural Unemployment, Technological Advancement
Publication Type: Information Analyses
Education Level: N/A
Sponsor: Office of Educational Research and Improvement (ED), Washington, DC.
Authoring Institution: National Center on Education and the Economy, Rochester, NY.
Note: For the paper of which this brief is a distillation, see ED 330 895.