THE ROLE OF CAREER ASPIRATIONS AND FINANCIAL CONSTRAINTS IN INDIVIDUAL ACCESS TO VOCATIONAL-TRAINING

The incidence of vocational training is influenced by characteristics of workers and firms. We investigate the determinants of both employer -arranged training and individually organised training. The data relat e to training spells experienced by 2,000 British workers in 1984-7. w hen the propensity to train was rising rapidly. Both recent training a nd future expected training are related to a wide range of personal an d job characteristics, including attitudes and incomes. Low income is associated with the failure to undertake training, suggestive of marke t failure in selection. However, training incidence is higher for thos e with positive career aspirations, which reflects an efficient select ion rule.