Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/282751 
Year of Publication: 
2023
Series/Report no.: 
IZA Discussion Papers No. 16624
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
In this paper, I review the potential of workforce development programs to help the US get closer to "full employment." First, I provide some background on workforce development in the US, and also on the aggregate employment/labor force issues that workforce programs may or may not address. Then I review the empirical evidence on job training and other forms of workforce development, in terms of impacts on employment (as opposed to earnings). I briefly consider how the US experience in this regard compares and contrasts with that of other countries in the EU or OECD, and what we might learn from them. I conclude that more and better workforce development could help somewhat to achieve lower unemployment and higher labor force participation in the US, though we also need a range of other policies to achieve these goals.
Subjects: 
workforce development
job training
full employment
labor force participation
JEL: 
J6
J3
Document Type: 
Working Paper

Files in This Item:
File
Size
784.26 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.