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Costs and benefits of an individual learning account (ILA): A simulation analysis for the Netherlands

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  • Bussink, Henri
  • ter Weel, Bas

Abstract

•We simulate scenarios about the uptake of resources to increase training activity.•We show how costs and benefits depend on take-up rates, returns to training and deadweight loss.•Our results contribute to discussions and trade-offs about ILA's to stimulate labour force resilience.

Suggested Citation

  • Bussink, Henri & ter Weel, Bas, 2023. "Costs and benefits of an individual learning account (ILA): A simulation analysis for the Netherlands," Economic Modelling, Elsevier, vol. 118(C).
    • Handle: RePEc:eee:ecmode:v:118:y:2023:i:c:s0264999322003224
    DOI: 10.1016/j.econmod.2022.106085
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    More about this item

    Keywords

    Human capital investments; Individual learning accounts; Lifelong learning;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J33 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Compensation Packages; Payment Methods

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