{"id":{"repo_id":"vt","oai_identifier":"oai:vtechworks.lib.vt.edu:10919/76415"},"canonical_url":"https://search.dev.ndltd.org/etd/vt/oai:vtechworks.lib.vt.edu:10919/76415","repository":{"repo_id":"vt","name":"Virginia Tech","base_url":"https://vtechworks.lib.vt.edu/oai/request"},"display":{"title":"An analysis of the cost-effectiveness of selected government- supported training programs","abstract":"In certain situations, information costs and training related externalities may lead to under investment in human capital, i.e., a non-Pareto equilibrium in which marginal social return to human capital investment exceeds its marginal social cost. When this situation occurs, it may be economically sound to have the public sector make selected human capital investments. The purpose of this thesis is to assess the comparative cost-effectiveness of two general types of publicly funded training programs: those with explicit training and employment agreements between firm representatives and training officials as characterized by State Customized Training (SCT) and those with no such agreements as characterized by the Comprehensive Employment and Training Act (CETA) programs. The methodology was to conduct a cost-benefit analysis of the benefits to the programs' graduates and the costs to the public over various working-life scenarios and discount rates. The benefit-cost ratios were higher for SCT for every scenario tested. The conclusion reached was to the extent that SCT and CETA are representative of agreement/non-agreement types of training programs, training programs with training and employment agreements are more cost-effective than those programs without such agreements.","abstract_html":"In certain situations, information costs and training related externalities may lead to under investment in human capital, i.e., a non-Pareto equilibrium in which marginal social return to human capital investment exceeds its marginal social cost. When this situation occurs, it may be economically sound to have the public sector make selected human capital investments. The purpose of this thesis is to assess the comparative cost-effectiveness of two general types of publicly funded training programs: those with explicit training and employment agreements between firm representatives and training officials as characterized by State Customized Training (SCT) and those with no such agreements as characterized by the Comprehensive Employment and Training Act (CETA) programs. The methodology was to conduct a cost-benefit analysis of the benefits to the programs' graduates and the costs to the public over various working-life scenarios and discount rates. The benefit-cost ratios were higher for SCT for every scenario tested. The conclusion reached was to the extent that SCT and CETA are representative of agreement/non-agreement types of training programs, training programs with training and employment agreements are more cost-effective than those programs without such agreements.","abstract_has_math":false,"creators":["Braden, Paul V."],"institution":"Virginia Polytechnic Institute and State University","degree_name":"Master of Arts","degree_level":"masters","degree_discipline":"Economics","degree_department":"Economics","school":null,"contributors":[],"advisors":[],"committee_chairs":[],"committee_members":[],"year":1984,"date_issued":"1984","date_published":"1984","updated_at":"2026-07-22T22:19:27Z","subjects":[],"languages":["en_US"],"rights":["In Copyright"],"rights_urls":["http://rightsstatements.org/vocab/InC/1.0/"],"identifier_entries":[]},"links":{"outbound_url":"http://hdl.handle.net/10919/76415","outbound_label":"Handle","outbound_source":"dc:identifier.uri"},"metadata_groups":[{"id":"people","label":"People","entries":[{"key":"dc:contributor.department","label":"Department","values":["Economics"]},{"key":"dc:creator","label":"Author","values":["Braden, Paul V."]}]},{"id":"academic_context","label":"Academic Context","entries":[{"key":"dc:date.accessioned","label":"Dc Date Accessioned","values":["2017-03-10T21:43:34Z"]},{"key":"dc:date.available","label":"Dc Date Available","values":["2017-03-10T21:43:34Z"]},{"key":"dc:date.issued","label":"Date","values":["1984"]},{"key":"dc:publisher","label":"Institution","values":["Virginia Polytechnic Institute and State University"]},{"key":"dc:type","label":"Dc Type","values":["Thesis"]},{"key":"dc:type.dcmitype","label":"Dc Type Dcmitype","values":["Text"]},{"key":"thesis:degree_discipline","label":"Discipline","values":["Economics"]},{"key":"thesis:degree_level","label":"Degree Level","values":["masters"]},{"key":"thesis:degree_name","label":"Degree Name","values":["Master of Arts"]},{"key":"thesis:institution_name","label":"Thesis Institution Name","values":["Virginia Polytechnic Institute and State University"]}]},{"id":"language_rights","label":"Language and Rights","entries":[{"key":"dc:language.iso","label":"Language (ISO)","values":["en_US"]},{"key":"dc:rights","label":"Dc Rights","values":["In Copyright"]},{"key":"dc:rights.uri","label":"Rights URI","values":["http://rightsstatements.org/vocab/InC/1.0/"]}]},{"id":"identifiers","label":"Identifiers","entries":[{"key":"dc:identifier.uri","label":"Identifier URI","values":["http://hdl.handle.net/10919/76415"]}]},{"id":"additional","label":"Additional Metadata","entries":[{"key":"dc:description.abstract","label":"Abstract","values":["In certain situations, information costs and training related externalities may lead to under investment in human capital, i.e., a non-Pareto equilibrium in which marginal social return to human capital investment exceeds its marginal social cost. When this situation occurs, it may be economically sound to have the public sector make selected human capital investments. The purpose of this thesis is to assess the comparative cost-effectiveness of two general types of publicly funded training programs: those with explicit training and employment agreements between firm representatives and training officials as characterized by State Customized Training (SCT) and those with no such agreements as characterized by the Comprehensive Employment and Training Act (CETA) programs. The methodology was to conduct a cost-benefit analysis of the benefits to the programs' graduates and the costs to the public over various working-life scenarios and discount rates. The benefit-cost ratios were higher for SCT for every scenario tested. The conclusion reached was to the extent that SCT and CETA are representative of agreement/non-agreement types of training programs, training programs with training and employment agreements are more cost-effective than those programs without such agreements."]},{"key":"dc:description.degree","label":"Dc Description Degree","values":["Master of Arts"]},{"key":"dc:format.mimetype","label":"Dc Format Mimetype","values":["application/pdf"]},{"key":"dc:title","label":"Title","values":["An analysis of the cost-effectiveness of selected government- supported training programs"]}]}],"canonical_facts":{"dc:contributor.department":["Economics"],"dc:creator":["Braden, Paul V."],"dc:date.accessioned":["2017-03-10T21:43:34Z"],"dc:date.available":["2017-03-10T21:43:34Z"],"dc:date.issued":["1984"],"dc:description.abstract":["In certain situations, information costs and training related externalities may lead to under investment in human capital, i.e., a non-Pareto equilibrium in which marginal social return to human capital investment exceeds its marginal social cost. When this situation occurs, it may be economically sound to have the public sector make selected human capital investments. The purpose of this thesis is to assess the comparative cost-effectiveness of two general types of publicly funded training programs: those with explicit training and employment agreements between firm representatives and training officials as characterized by State Customized Training (SCT) and those with no such agreements as characterized by the Comprehensive Employment and Training Act (CETA) programs. The methodology was to conduct a cost-benefit analysis of the benefits to the programs' graduates and the costs to the public over various working-life scenarios and discount rates. The benefit-cost ratios were higher for SCT for every scenario tested. The conclusion reached was to the extent that SCT and CETA are representative of agreement/non-agreement types of training programs, training programs with training and employment agreements are more cost-effective than those programs without such agreements."],"dc:description.degree":["Master of Arts"],"dc:format.mimetype":["application/pdf"],"dc:identifier.uri":["http://hdl.handle.net/10919/76415"],"dc:language.iso":["en_US"],"dc:publisher":["Virginia Polytechnic Institute and State University"],"dc:rights":["In Copyright"],"dc:rights.uri":["http://rightsstatements.org/vocab/InC/1.0/"],"dc:title":["An analysis of the cost-effectiveness of selected government- supported training programs"],"dc:type":["Thesis"],"dc:type.dcmitype":["Text"],"thesis:degree_discipline":["Economics"],"thesis:degree_level":["masters"],"thesis:degree_name":["Master of Arts"],"thesis:institution_name":["Virginia Polytechnic Institute and State University"]},"updated_at":"2026-07-22T22:19:27Z"}