TRAINING AND UNEMPLOYMENT IN SRI LANKA: IMPACT OF SKILLS TRAINING ON UNEMPLOYMENT
W. S. A. SENEVIRATNE *
Department of Economics, University of Kelaniya, Sri Lanka.
*Author to whom correspondence should be addressed.
Abstract
Unemployment is one of the considerable economic problems in Sri Lanka. Especially there’s a considerable amount of unskilled unemployment rate in Sri Lanka. The overall unemployment rate of Sri Lanka in 2020 is 5.55 percent. The urban unemployed population in Sri Lanka also rapidly increasing. This article aims to study the effect of currently implemented training programs on unemployment in Sri Lanka with special reference to the urban area and also aims to identify what kind of new training programs and policies should implement to eradicate unemployment and the outcomes of those programs and policies as well as to identify the challenges when implementing those programs and policies and remedies for them. This article presents a review of empirical studies that have been conducted to identify the impact of training of skills on unemployment. The review revealed that there is a positive relationship between skills training and the eradication of unemployment.
Keywords: Unemployment, training, skills training, urban unemployment, knowledge