S-Space College of Social Sciences (사회과학대학) Institute of Economics Research (경제연구소) Seoul Journal of Economics Seoul Journal of Economics vol.17(2) (Summer 2004)
Is Levy-Grant Scheme for Employer-Provided Training Effective? The Experience of Korean Employment Insurance System
- Lee, ByungHee
- Issue Date
- Seoul Journal of Economics
- Seoul Journal of Economics 17 (No. 2 2004): 235-254
- 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.