Recruitment of Apprentices over the Business Cycles
Jan Erik Askildsen and
Øivind Nilsen ()
Norway; Department of Economics, University of Bergen from Department of Economics, University of Bergen
Employment of apprentices seems to follow the business cycle. An interesting question is whether this is based on an investment policy where firms recruit when the labour market indicates skill shortage. Alternatively it may be that the firms are myopic and basically hire apprentices in booming periods since they can get hold of subsidised labour to substitute for skilled workers in short supply. We develop an investment model of training with several types of labour.
Keywords: RECRUITMENT; INVESTMENTS; WAGES; LABOUR; BUSINESS CYCLES (search for similar items in EconPapers)
JEL-codes: E32 J21 J31 C33 (search for similar items in EconPapers)
Pages: 24 pages
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Persistent link: https://EconPapers.repec.org/RePEc:fth:bereco:2399
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More papers in Norway; Department of Economics, University of Bergen from Department of Economics, University of Bergen Department of Economics, University of Bergen Fosswinckels Gate 6. N-5007 Bergen, Norway. Contact information at EDIRC.
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