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European firms have increasingly invested in training of employees but differences across countries and types of firms remain - and the Covid-19 shock may have exacerbated them. This report analyses European firms' investment in training over the last six years examining trends, factors...
Persistent link: https://www.econbiz.de/10013260142
Labour markets are currently in a phase of cyclical recovery and undergoing structural transformation due to globalisation, demographic trends, advancing digital technologies and automation and changes in labour market institutions. Against this background, businesses increasingly report that...
Persistent link: https://www.econbiz.de/10012006266
This report looks at employer-provided training in Europe. We start with a brief outline of the economic theory of training. We then look at the recent facts, by combining data from two employer surveys, the European Investment Bank's Investment Survey (EIBIS) and Eurostat's Continuous...
Persistent link: https://www.econbiz.de/10012177955
Using a representative sample of European firms, we study whether and to what extent financing constraints affect employers' decision to invest in employee training. We combine survey data on investment activities with administrative data on financial statements to develop an index of financing...
Persistent link: https://www.econbiz.de/10012193982
Using firm-level data covering the 27 EU countries, the UK and the US, we show that employers tend to reduce investment in training per employee after adopting advanced digital technologies (ADT). We estimate with a control function approach firm-level production functions augmented with two...
Persistent link: https://www.econbiz.de/10013543206