The Economics of Training

国际Library of Critical Writings in Economics series

Edited by Orley C. Ashenfelter, Joseph Douglas Green 1893 Professor of Economics, Princeton University, US and the late Robert J. LaLonde, formerly Professor, Irving B. Harris Graduate School of Public Policy Studies, University of Chicago, US

These two volumes bring together theoretical and empirical papers on the economics of training. The first volume comprises of papers that discuss the economic theory underlying firms’ and individuals’ decisions to provide or acquire training. In particular, they offer differing perspectives on human capital theory. This volume also includes papers examining the design of both experimental and nonexperimental strategies for estimating the effects of training.

The second volume consists of studies that estimate the impact of both public and private provided training on earnings. Most of the volume is devoted to studies that illustrate nonexperimental evaluations of training. However, because experiments have become an important part of this literature, the volume includes papers that provide a detailed evaluation of one well-known social experiment, and that use experiments to evaluate the non-experimental evaluations of training.

‘These two volumes deliver what the title promises – a large collection of important papers on the economics of training. . . These volumes will be important acquisitions for reference libraries. Researchers with an interest in the economics of training will want these books. I am very pleased that a copy has come my way. . .’
– G. Makepeace, Education Economics