Caponi, Vincenzo; Kayahan, Cevat Burc; Plesca, Miana - 2009
So far the literature has found that the effect of macroeconomic fluctuations on training decisions is ambiguous. On … the one hand, the opportunity cost to train is lower during downturns, and thus training should be counter-cyclical. On … training incidence pro-cyclical. Using the Canadian panel of Workplace and Employee Survey (WES) we find that (i) training …