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This paper provides an evidence-based assessment of the current situation prevailing in the Greek market for skills and jobs. The synthesis of available skills intelligence for Greece, the country most severely affected by the global economic crisis of 2008, is crucial as it is currently faced...
Persistent link: https://www.econbiz.de/10010238208
We provide the first estimates of the impact of managers' risk preferences on their training allocation decisions. Our conceptual framework links managers' risk preferences to firms' training decisions through the bonuses they expect to receive. Risk-averse managers are expected to select...
Persistent link: https://www.econbiz.de/10012820689
invest in their workforce, we examine transition patterns and employ dynamic panel data estimation. Finally, we analyze the … impact of the Covid-19 pandemic on firms' investment in workforce training and transitions in and out of training. We find … important element for firms and their workforce to adjust to the post-pandemic environment, asymmetries in training investment …
Persistent link: https://www.econbiz.de/10013260142
We analyze workers' risk preferences and training investments. Our conceptual framework differentiates between the investment risk and insurance mechanisms underpinning training decisions. Investment risk leads risk-averse workers to train less; they undertake more training if it insures them...
Persistent link: https://www.econbiz.de/10012306154
The term skill mismatch is very broad and can relate to many forms of labour market friction, including vertical mismatch, skill gaps, skill shortages, field of study (horizontal) mismatch and skill obsolescence. In this paper we provide a clear overview of each concept and discuss the...
Persistent link: https://www.econbiz.de/10011664385
This paper extends standard models of work-related training by explicitly incorporating workers' locus of control into the investment decision. Our model both differentiates between general and specific training and accounts for the role of workers and firms in training decisions. Workers with...
Persistent link: https://www.econbiz.de/10011594543
This paper focuses on identifying determinants of "automatability risk", namely the propensity of EU employees being in jobs with high risk of substitutability by machines, robots or other algorithmic processes, and uncovers its impact on labour market outcomes. Using relevant data on tasks and...
Persistent link: https://www.econbiz.de/10011913466