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Title: The Cyclicality of Skill Acquisition: Evidence from Panel Data
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Mendez, Fabio Sepulveda, Facundo |
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The Cyclicality of Skill Acquisition: Evidence from Panel Data American Economic Journal: Macroeconomics 4,3 (July 2012): 128-152. Also: http://www.aeaweb.org/articles.php?doi=10.1257/mac.4.3.128 Cohort(s): NLSY79 Publisher: American Economic Association Keyword(s): Education; Employment; Skill Formation; Skills; Training Permission to reprint the abstract has not been received from the publisher. This paper presents new empirical evidence regarding the cyclicality of skill acquisition activities. The paper studies both training and schooling episodes at the individual level using quarterly data from the NLSY79 for a period of 19 years. We find that aggregate schooling is strongly countercyclical, while aggregate training is acyclical. Several training categories, however, behave procyclically. The results also indicate that firm-financed training is procyclical, while training financed through other means is countercyclical; and that the cyclicality of skill acquisition investments depends significantly on the educational level and the employment status of the individual. (JEL E24, E32, I20, J24) |
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Bibliography Citation
Mendez, Fabio and Facundo Sepulveda. "The Cyclicality of Skill Acquisition: Evidence from Panel Data ." American Economic Journal: Macroeconomics 4,3 (July 2012): 128-152.
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