01711cas a2200241 a 4500 AALejournalIMF008347 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451954524 1018-5941 BD-DhAAL BD-DhAAL Thomas, Alun. The Low-Skill, Bad-Job Trap / Alun Thomas. Washington, D.C. : International Monetary Fund, 1994. 1 online resource (22 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The paper explains how a country can fall into a 'low-skill, bad-job trap,' in which workers acquire insufficient training and firms provide insufficient skilled vacancies. In particular, the paper argues that in countries where a large proportion of the workforce is unskilled, firms have little incentive to provide good jobs (requiring high skills and providing high wages), and if few good jobs are available, workers have little incentive to acquire skills. In this context, the paper examines the need and effectiveness of training policy, and provides a possible explanation for why western countries have responded so differently to the broad-based shift in labor demand from unskilled to skilled labor. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1994/083 Full text available on IMF http://elibrary.imf.org/view/journals/001/1994/083/001.1994.issue-083-en.xml IMF e-Library