Are Apprenticeships Business Cycle Proof?

Samuel Luethi and Stefan Wolter
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Samuel Luethi: University of Bern
Authors registered in the RePEc Author Service: Samuel Lüthi ()

No 146, Economics of Education Working Paper Series from University of Zurich, Department of Business Administration (IBW)

Abstract: Although there is evidence that apprenticeship training can ease the transition of youth into the labour market and thereby reduce youth unemployment, many policy makers fear that firms will cut their apprenticeship expenditures during economic crises, thus exacerbating the problem of youth unemployment. Using recent panel data of Swiss cantons and dynamic regression models, we examine the relationship between new apprenticeships and the business cycle. The empirical results suggest that economic shocks induce a rather small, pro-cyclical immediate response in the apprenticeship market. However, within a year after the shock, firms compensate for their immediate reaction, with the result that no permanent effect is observable.

Keywords: Apprenticeship Training; VET; Education; Business Cycle; Error Correction Model (search for similar items in EconPapers)
JEL-codes: E24 E32 I21 J18 J44 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2018-02
New Economics Papers: this item is included in nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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http://repec.business.uzh.ch/RePEc/iso/leadinghouse/0146_lhwpaper.pdf (application/pdf)

Related works:
Journal Article: Are apprenticeships business cycle proof? (2020)
Working Paper: Are Apprenticeships Business Cycle Proof? (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:iso:educat:0146

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