Descriptor
| Cost Effectiveness | 1 |
| Employees | 1 |
| Employers | 1 |
| Income | 1 |
| Insurance | 1 |
| Mathematical Models | 1 |
| On the Job Training | 1 |
| Postsecondary Education | 1 |
| Risk | 1 |
Author
| Stern, David | 1 |
Publication Type
| Journal Articles | 1 |
| Opinion Papers | 1 |
Education Level
Audience
Location
Laws, Policies, & Programs
Assessments and Surveys
What Works Clearinghouse Rating
Peer reviewedStern, David – Economics of Education Review, 1982
Presents a mathematical model concerning the implicit risks to employers and employees of investing in on-the-job training (OJT). Suggests how to reduce OJT risks through "training insurance," where risks are pooled among employers and employees, and discusses more efficient contracts, losses due to layoffs, and OJT technology improvement.…
Descriptors: Cost Effectiveness, Employees, Employers, Income
