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

Abstract: 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: C33 E32 J21 J31 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:fth:bereco:2399

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