Training in the Great Recession – Evidence from an Individual Perspective

Daniel Dietz and Thomas Zwick

Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), 2020, vol. 240, issue 4, 493-523

Abstract: This paper analyses the effect of the economic crisis in the years 2008 and 2009 on individual training activities of different employee groups within establishments. We use a unique German linked employer–employee panel data set with detailed information on individual training history (WeLL-ADIAB). The so-called Great Recession can be seen as an exogenous, unexpected, and time-limited shock. Although our results cannot be interpreted in a strictly causal manner, our Diff-in-Diff analyses suggest a direct negative effect of the crisis on individual training activities in 2009 and 2010. The negative effect therefore sets in with a time lag and lasts until after the recession. Furthermore, the recession has a stronger effect for employees in unskilled jobs than for employees in skilled jobs.

Keywords: training; financial crisis; linked employer employee data set (search for similar items in EconPapers)
JEL-codes: M53 O16 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (2)

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Related works:
Working Paper: Training in the Great Recession - Evidence from an Individual Perspective (2018)
Working Paper: Training in the Great Recession: Evidence from an individual perspective (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:jns:jbstat:v:240:y:2020:i:4:p:493-523:n:3

DOI: 10.1515/jbnst-2018-0072

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