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Employer-sponsored training in stabilisation and growth policy perspectives

  • Håkanson, Christina


    (Research Institute of Industrial Economics (IUI))

  • Johanson, Satu

    (PricewaterhouseCoopers AB)

  • Mellander, Erik


    (IFAU - Institute for Labour Market Policy Evaluation)

Registered author(s):

    In 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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    Paper provided by IFAU - Institute for Evaluation of Labour Market and Education Policy in its series Working Paper Series with number 2003:8.

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    Length: 37 pages
    Date of creation: 14 Apr 2003
    Date of revision:
    Handle: RePEc:hhs:ifauwp:2003_008
    Contact details of provider: Postal: IFAU, P O Box 513, SE-751 20 Uppsala, Sweden
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    1. James J. Heckman & Salvador Navarro-Lozano, 2003. "Using Matching, Instrumental Variables and Control Functions to Estimate Economic Choice Models," NBER Working Papers 9497, National Bureau of Economic Research, Inc.
    2. Fredriksson, Peter & Johansson, Per, 2002. "Program Evaluation and Random Program Starts," Working Paper Series 2003:1, Uppsala University, Department of Economics.
    3. Fredriksson, Peter & Johansson, Per, 2003. "Employment, mobility, and active labor market programs," Working Paper Series 2003:3, IFAU - Institute for Evaluation of Labour Market and Education Policy.
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