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An Evaluation of the Hong Kong Employees Retraining Programme
Author(s) -
Chan William,
Suen Wing
Publication year - 2000
Publication title -
asian economic journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.345
H-Index - 28
eISSN - 1467-8381
pISSN - 1351-3958
DOI - 10.1111/1467-8381.00111
Subject(s) - retraining , earnings , incentive , unemployment , government (linguistics) , structural unemployment , labour economics , economics , business , demographic economics , operations management , accounting , economic growth , market economy , international trade , linguistics , philosophy
The Employees Retraining Programme, launched by the Hong Kong government in 1993, was promoted as the solution to structural unemployment resulting fromrapid structural transformation of the economy. However, our study of the labourmarket performance of a group of trainees who received training in 1994/5 showsno evidence of any positive effect on the earnings or employment rate of trainees one year after the completion of training in relation to various comparison groups. The apparent lack of success can be traced to low target efficiency and distorted incentives that result in over‐utilization of retraining resources.