Market failure and public policy on training: some reasons for caution
Abstract
Purpose
The aim of this paper is to examine market failure and public policy on training.
Design/methodology/approach
The paper presents four categories for market failure. It also examines evidence for the incidence of market failure
Findings
The study finds that there is weak evidence for market failure, but that it has featured prominently in policy thinking because of policy makers tendency to compare stocks of skills between countries.
Originality/value
The paper provides useful information on market failure and public policy on training.
Keywords
Citation
Keep, E. (2006), "Market failure and public policy on training: some reasons for caution", Development and Learning in Organizations, Vol. 20 No. 6, pp. 7-9. https://doi.org/10.1108/14777280610706149
Publisher
:Emerald Group Publishing Limited
Copyright © 2006, Emerald Group Publishing Limited