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Fig. 3 | Empirical Research in Vocational Education and Training

Fig. 3

From: Another piece of the puzzle: Firms’ investment in training as production of optimal skills inventory

Fig. 3

(Source Authors’ authors’ illustration, in line with Backes-Gellner (1996))

Characteristic cumulative demand for given critical ratios. Figure 3 shows characteristic cumulative demand for a uniform, b high, c low, and d medium future expected demand of skills (with a: level of skills inventory, and ds(a): distribution function of demand for specific level of skilled workers, CRH: UC > OC and CRL: UC < OC).

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