Government Policies to Induce Efficient Retraining Decisions,
Abstract
This Paper focuses upon the government's role in retraining unemployed workers during nonrecession periods. To do so, two kinds of deviations from the ideal competitive world of economics are considered. Each deviation leads to economically inefficient retraining decisions and calls for a special kind of government policy to induce efficient retraining decisions. The first deviation supports the suggestion that the government extend unemployment compensation to recently unemployed men and women who retrain rather than search to gain new employment. Improving the allocation between search and retraining has the added feature of reducing the unemployment rate as conventionally measured in the United States. The second deviation supports the government's current subsidization of college-level retraining for middle-class women who are considering entering the labor force after rearing their children. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Dec 01, 1976
- Accession Number
- ADA040855
Entities
People
- Velma Montoya Thompson
Organizations
- RAND Corporation