The Supply of Young Craftsmen to an Industry.
GEORGE WASHINGTON UNIV WASHINGTON D C PROGRAM IN LOGISTICS
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Three models explaining the supply of young craftsmen to an industry are developed in this study. Two models pertain to the inflow of young craftsmen to an industry, in particular, the decision whether or not to participate in craft vocational education and the decision whether or not to enter a craft occupation. The third model pertains to the outflow of young craftsmen from an industry, i.e., the decision to stay in or leave their industry. Findings based on these models show, among other things, the importance of young craftsmens current earnings and future earnings. In addition to the analytical models, descriptive data are presented which relate to the career development of young craftsmen and human capital factors that affect their productivity. Author
- Personnel Management and Labor Relations