Article Gold Open Access 2020

Training in the Great Recession-Evidence from an Individual Perspective

Jahrbucher fur Nationalokonomie und Statistik
Journal · Vol. 240 · Issue 4 · pp. 493-523
Abstract

This paper analyses the effect of the economic crisis in the years 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. Although our results cannot be interpreted in a strictly causal manner, our Diff-in-Diff analyses suggest 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 has a stronger effect for employees in unskilled jobs than for employees in skilled jobs. © 2020 Oldenbourg Wissenschaftsverlag GmbH, Published by De Gruyter Oldenbourg, Berlin/Boston 2020.

Keywords

Author Keywords

Training financial crisis linked employer employee data set

Index Keywords

Author Affiliations
Julius-Maximilians-Universität Würzburg, Wurzburg, Bayern, Germany
Funding & Acknowledgements
No funding information
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