Bellmann, Lutz; Gerner, Hans-Dieter; Leber, Ute - In: Journal of Economics and Statistics (Jahrbuecher fuer … 234 (2014) 1, pp. 5-22
affected firms’ further training and apprenticeship training behavior. From a theoretical point of view, the impact of the … business cycle on firms’ training behaviour is ambiguous. There are reasons for an increase of training during a downturn (e ….g., declining opportunity costs of training, fewer exit options for trained workers) as well as arguments for a decrease of training …