Employer-Sponsored Training in Stabilisation and Growth Policy Perspectives
AbstractIn Europe, accounting standards prevent larger expenditures on employer-sponsored training from being treated as investments. Using Sweden as example, we discuss two consequences for training. First, the timing: training will be conducted when income is large enough for training costs to be deducted without loss. This is more often possible during booms than recessions, providing a stabilisation policy dimension to training. Second, the volume: the training opportunity cost (foregone production) is largest during booms. Hence, training tends to be smaller than if conducted during downturns, possibly limiting growth.We formulate two proposals that can make training more counter-cyclical and increase the amount of training.
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Bibliographic InfoPaper provided by Research Institute of Industrial Economics in its series Working Paper Series with number 592.
Length: 30 pages
Date of creation: 10 Mar 2003
Date of revision:
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More information through EDIRC
Training; Accounting System; Timing; Growth;
Find related papers by JEL classification:
- D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
- M41 - Business Administration and Business Economics; Marketing; Accounting - - Accounting - - - Accounting
- M53 - Business Administration and Business Economics; Marketing; Accounting - - Personnel Economics - - - Training
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