Caponi, Vincenzo; Kayahan, Cevat Burc; Plesca, Miana - Vancouver School of Economics - 2009
The literature has not yet resolved whether the effect of macroeconomic fluctuations on training decisions is positive … or negative. On the one hand, the opportunity cost to train is lower during downturns, and thus training should be … to skill, making training incidence pro-cyclical. Using the Canadian panel of Workplace and Employee Survey (WES), we …