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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
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
Persistent link: https://www.econbiz.de/10013359190
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
-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
Persistent link: https://www.econbiz.de/10010277163
This article studies inventories and monetary policy by estimating VAR models. The complex roots detected in our estimation generate cycles of around 55 to 70 months, which are quite close to actual business cycle lengths. This implies that production and inventories follow damped oscillations...
Persistent link: https://www.econbiz.de/10010277802
This paper analyzes the role of the extensive vis-à-vis the intensive margin of labor adjustment in Germany and in the United States. The contribution is twofold. First, we provide an update of older U.S. studies and confirm the view that the extensive margin (i.e., the adjustment in the number...
Persistent link: https://www.econbiz.de/10010277957
We document that trust in public institutions and particularly trust in banks, business and government has declined over recent years. U.S. time series evidence suggests that this partly reflects the pro-cyclical nature of trust in institutions. Cross-country comparisons reveal a clear legacy of...
Persistent link: https://www.econbiz.de/10010278438
-24 have suffered disproportionately during the recession. Using the USA and UK as case studies, we analyse youth unemployment …
Persistent link: https://www.econbiz.de/10010278774