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Briefing note: Promoting choice, responsibility and participation in training: Individual learning accounts

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Document
Content Type:
Briefing note: Promoting choice, responsibility and participation in training: Individual learning accounts
Language:

English

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english
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skpEng
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Other sources

Experts from many international, regional and national agencies generously share their views, experiences and findings on skills, helping policy-makers among other stakeholders to understand the linkages between education, training and the world of work, and how to integrate skills into national development planning to promote employment and economic growth.

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skpOSource
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other-sources
Topics:

Financing of training

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Initial education and training and lifelong learning benefit individuals, employers and society as a whole. Economic principles dictate that the costs for services with public and private benefits should be shared between public and private funding, or else too little training will be provided or taken up. Effective mechanisms for financing skills development vary according to countries’ economic and political circumstances and the degree and level of social dialogue established.

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skpFinanT
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financing-training
Knowledge Products:

Research papers

Working papers, reports, and other publications from international organizations, academic institutions and bilateral agencies. Research findings to stimulate informed debate on skills, employment and productivity issues. 

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skpRPS
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research-papers
Publication Date:
12 Sep 2013
This briefing note explores the benefits of using individual learning accounts (ILAs) as an alternative form of financing training. ILAs allocate money to individuals to purchase training and are part of a recent trend to shift away from simply financing training providers to a more demand-led approach that finances learners who decide themselves the training they want. The aim is to create a market for education and training and encourage innovation, flexibility and responsiveness among competing providers. The idea is that financing learners will also promote investment in subjects prioritised by learners themselves, bringing greatest advantage to learners and responding to labour market needs. The publication provides an overview of different types of such scheme as well as experience with ILAs in a number of countries.
Subject Tags:

Financing training

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financing-training
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673

Vocational training

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vocational-training
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124
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