Working Paper Series
IFAU - Institute for Evaluation of Labour Market and Education Policy
Employer-sponsored training in stabilisation and growth policy perspectives
(), Satu Johanson and Erik Mellander
Abstract: 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
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
We formulate two proposals that can make training more
counter-cyclical and increase the amount of training.
Keywords: Employer-sponsored training; accounting standards; (follow links to similar papers)
JEL-Codes: D21; E32; H25; M41; M53; (follow links to similar papers)
37 pages, April 14, 2003
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