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The Age-Pattern of Training in Advanced Economies. Edition No. 1

VDM Publishing House, Sep 2008, Pages: 280


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This book analyses the age-profile of investments in
human capital, both theoretically and empirically.
It identifies the forces driving the employer and
self-financed training investments in different
skills, by age and length of service, and points to
the importance of the costs and returns to training
investments, capital constraints, job turnover
propensities, imperfect information and the
institutional setting in determining the type and
timing of training investments made. The econometric
analysis performed, using the International Adult
Literacy Survey (IALS), provides an insight into the
age-profiles of training participation, duration and
volume in a number of OCED countries. The findings
of this work are used to make recommendations for
future policy directions in the area of continuing
adult training (or ‘lifelong-learning’), both in
terms of the policy goals that are set and the
choice of means by which these goals are to be
achieved. The content of this book will be of
interest to policy makers, as well as to academics
concerned with the issue of investment in education
and training.



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