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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 …
Persistent link: https://www.econbiz.de/10010271576
-the-job training is the only management practice that is robustly and significantly associated with higher employment growth, increased …-the-job training is sub-optimal in Britain such that firms could benefit economically from increasing the amount of off …-the-job training they offer to their non-managerial employees. …
Persistent link: https://www.econbiz.de/10011502558
We use European Union Labour Force Survey data for the period 2005-2018 to investigate the cyclicality of training in … Europe. Consistent with the view that firms use recessions as times to update skills, we find that training participation is … to be involved in public training programs during recessions, but not for the inactive, who may be affected by liquidity …
Persistent link: https://www.econbiz.de/10013368252
employer-paid training can help explain the relative return to cognitive skills during recent recessions due to lower training … costs and enhanced labor productivity. Consistent with this, we find that firms provide more training to workers with higher …
Persistent link: https://www.econbiz.de/10014463137
Persistent link: https://www.econbiz.de/10013359190
stagnativen ersten Halbjahr im Euroraum und einer mil- den Rezession im zweiten Halbjahr in den USA. Der im vergangenen Herbst …
Persistent link: https://www.econbiz.de/10014285049
Im Sommer 2023 deuten Stimmungsindikatoren auf einen weltweiten Aufschwung in den Dienstleistungsbranchen, die Konjunktur im Verarbeitenden Gewerbe bleibt aber schwach. Hohe Inflation und gestiegene Leitzinsen dämpfen die Konjunktur in den meisten Weltregionen. In Europa belasten auch im...
Persistent link: https://www.econbiz.de/10014316041
deutliche Rückgang der Inflationsraten in den USA und im Euroraum hat die Wahrscheinlichkeit erhöht, dass beide Zentralbanken …
Persistent link: https://www.econbiz.de/10014447245
A popular interpretation of the Rational Expectations/Efficient Markets hypothesis states that, if the hypothesis holds, then market valuations must follow a random walk. This postulate has frequently been criticized on the basis of empirical evidence. Yet the assertion itself incurs what we...
Persistent link: https://www.econbiz.de/10010309044
This article provides new insights into the cyclical behavior of consumer and producer real wages in the USA and … cyclical patterns over time. From the findings of our study, we can infer that the USA and Germany differ with respect to the … lead-lag relationship of real wages and the business cycle. In the USA, both real wages are leading the business cycle in …
Persistent link: https://www.econbiz.de/10010309235