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Training in the Great Recession - Evidence from an Individual Perspective

Daniel Dietz and Thomas Zwick ()

No 155, Economics of Education Working Paper Series from University of Zurich, Department of Business Administration (IBW)

Abstract: This paper analyses the effect of the economic crisis in 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. Therefore, our quasi-experimental setting using Diff-in-Diff analyses reveals the causal impact of the crisis on the training participation and the number of training measures. We find 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 effect is stronger 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)
New Economics Papers: this item is included in nep-eur
Date: 2018-08
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http://repec.business.uzh.ch/RePEc/iso/leadinghouse/0155_lhwpaper.pdf (application/pdf)

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Working Paper: Training in the Great Recession: Evidence from an individual perspective (2018) Downloads
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