The Use of Market Mechanisms
(Chapter in The Workforce Investment Act: Implementation Experiences and Evaluation Findings)
Authors: Christopher T. King, Burt S. Barnow
Publisher: W.E. Upjohn Institute for Employment Research
Publication Type: Chapter in The Workforce Investment Act: Implementation Experiences and Evaluation Findings, co-edited by Douglas J. Besharov and Phoebe H. Cottingham
Availability: Book available for purchase from the W.E. Upjohn Institute at this link.
The authors present key results concerning market and market-like mechanisms in the delivery of workforce services in the US. These mechanisms include labor market information (LMI), provider certification, individual training accounts (ITAs), and performance standards and incentives. The findings are based on WIA study conducted 2003-2005 that examined the experiences of eight states. The authors also provide a series of conclusions relevant to the use of market mechanisms, as well as recommendations for both the WIA reauthorization process and the European Social Fund.