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Workforce Professional Skills Development in Times of Economic Crisis

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  • Irina Alina Popescu

    (Academy of Economic Studies, Bucharest, Romania)

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    Abstract

    Using unique individual-level data on the continuous professional training courses completed over the period 2007–2011 this paper addresses a topic a major concern for policy-makers and businesses in the light of the recent transformations emerging markets have suffered during the global financial crisis. The paper presents the analysis of the evolution of the demand for continuous professional training and the changes in the structure of the demand under the circumstances of the economic crisis. Findings reveal a significantly higher demand for continuous professional training for acquiring new qualifications in jobs requiring low educational attainment and competences in foreign languages and information technology in 2008 and 2009, while specializing and performance trainings in qualifications requiring secondary and tertiary education registered a significant increase during 2010 and 2011. More so, the average skill level of professional training is on the rise, demonstrating an increased preference for highly skilled jobs, in the detriment of the low skilled jobs.

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    Bibliographic Info

    Article provided by University of Primorska, Faculty of Management Koper in its journal Management.

    Volume (Year): 8 (2013)
    Issue (Month): 2 ()
    Pages: 139-155

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    Handle: RePEc:mgt:youmng:v:8:y:2013:i:2:p:139-155

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    Related research

    Keywords: workforce development; skills; qualifications; continuing education and training; economic crisis;

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    1. Edward L. Glaeser & Jesse Shapiro, 2001. "Is There a New Urbanism? The Growth of U.S. Cities in the 1990s," NBER Working Papers 8357, National Bureau of Economic Research, Inc.
    2. Eichengreen, Barry, 2009. "Lessons of the Crisis for Emerging Markets," ADBI Working Papers 179, Asian Development Bank Institute.
    3. Dooley, Michael & Hutchison, Michael, 2009. "Transmission of the U.S. subprime crisis to emerging markets: Evidence on the decoupling-recoupling hypothesis," Journal of International Money and Finance, Elsevier, vol. 28(8), pages 1331-1349, December.
    4. Marek Dabrowski, 2010. "The Global Financial Crisis and its Impact on Emerging Market Economies in Europe and the CIS: Evidence from mid-2010," CASE Network Studies and Analyses 411, CASE-Center for Social and Economic Research.
    5. Jaan Masso & Kerly Krillo, 2011. "Labour Markets In The Baltic States During The Crisis 2008-2009: The Effect On Different Labour Market Groups," University of Tartu - Faculty of Economics and Business Administration Working Paper Series 79, Faculty of Economics and Business Administration, University of Tartu (Estonia).
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