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Training during recessions: recent European evidence

Author

Listed:
  • Bertoni Marco

    (University of Padova, IZA, dSEA UNIPD, Via del Santo 33, 35123 Padova, Italy.)

  • Brunello Giorgio

    (University of Padova, IZA, dSEA UNIPD, Via del Santo 33, 35123 Padova, Italy.)

Abstract

We use European Union Labour Force Survey data for the period 2005–2018 to investigate the cyclicality of training in Europe. Consistent with the view that firms use recessions as times to update skills, we find that training participation is moderately countercyclical for the employed. Within the not-employed group, this is true also for the unemployed, who are likely to be involved in public training programs during recessions, but not for the inactive, who may be affected by liquidity constraints.

Suggested Citation

  • Bertoni Marco & Brunello Giorgio, 2022. "Training during recessions: recent European evidence," IZA Journal of Labor Policy, Sciendo & Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 12(1), pages 1-17, January.
    • Handle: RePEc:vrs:izajlp:v:12:y:2022:i:1:p:17:n:1
    DOI: 10.2478/izajolp-2022-0007
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    References listed on IDEAS

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    More about this item

    Keywords

    training; recessions; Europe;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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