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Is Levy-Grant Scheme for Employer-Provided Training Effective? The Experience of Korean Employment Insurance System

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Authors
Lee, ByungHee
Issue Date
2004
Publisher
Seoul Journal of Economics
Citation
Seoul Journal of Economics 17 (No. 2 2004): 235-254
Keywords
Employer-provided training; Levy-grant scheme; Productivity effect
Abstract
This paper examines the effects of levy-grant scheme for employer-provided training in Korea. Constructing three-year panel data, I investigate whether the training grant intended to encourage corporate training affects firm behavior and performance. The major findings are that training grant stimulates corporate investment in training and ultimately leads to the improvement in corporate performance. These findings suggest that training levy-grant scheme might be one of institutional arrangements to cope with the under-investment problem in training.
ISSN
1225-0279
Language
English
URI
http://hdl.handle.net/10371/1314
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College of Social Sciences (사회과학대학)Institute of Economics Research (경제연구소)Seoul Journal of EconomicsSeoul Journal of Economics vol.17(2) (Summer 2004)
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