Innovative Finance
August 1, 2024
Given the disproportionately lower rates of participation in adult learning by disadvantaged groups, older workers, and small firms, governments might need to set up incentives, such as a range of financial arrangements, as a way to overcome typical barriers to adult learning take-up. Funding mechanisms that co-finance adult learning expenses by firms and adults, or that allow individuals to have greater choice of learning opportunities can raise the efficiency of provision.