Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/157300
Authors: 
Ziderman, Adrian
Year of Publication: 
2016
Series/Report no.: 
IZA Policy Paper 110
Abstract: 
The paper provides an account of innovative financing mechanisms which have been adopted in many national training systems. These mechanisms aim at correcting shortcomings of conventional training finance systems in order to better meet labor market needs, improve both the quality and relevance of training provision and to contain training costs. Directions of change include a greater diversification of funding sources for skills development (including cost sharing and training levies, mainly based on company payrolls), budgeting public training centres through objective funding formulas, encouraging more and higher quality enterprise training, the development of private training markets, increased competition between public and private training providers and the establishment of independent national training funds. Autonomous national training authorities, with broad powers and sizeable stakeholder representation, can be effective in both coordinating and steering national training systems.
Subjects: 
demand-driven training
funding training institutions
individual learning accounts
Levy-Grant Schemes
national training authorities
payroll levies
private training provision
training finance
training funds
training subsidies
training taxes
JEL: 
I22
J08
J24
Document Type: 
Working Paper

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