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Investing in skill: to stay or not to stay on?

By Robert Bennett, Howard Glennerster and Douglas Nevison

Abstract

There is now a large measure of consensus amongst economists that there is relatively little that governments can do to affect the underlying growth rate of the economy through macroeconomic policy changes. The emphasis has changed to supply-side measures, and one of the most favoured, both in the United States and the UK, is improvement in education and training. In the US, the emphasis has been on securing improvements in basic schooling which is seen as the major deficiency (Chubb and Moe, 1990). In the UK, the main focus has been on our low staying-on rates (Whitfield and Wilson, 1991; Micklewright et al., 1989), limited training opportunities (Prats and Wagner, 1983), and poor access to higher education (DES, 1991)

Topics: HC Economic History and Conditions, HD Industries. Land use. Labor, HV Social pathology. Social and public welfare. Criminology
Publisher: Oxford University Press
Year: 1992
DOI identifier: 10.1093/oxrep
OAI identifier: oai:eprints.lse.ac.uk:5336
Provided by: LSE Research Online
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