The effect of business cycle expectations on the German apprenticeship market: estimating the impact of COVID-19

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Permanent URL for this page: http://hdl.voced.edu.au/10707/543951.

Author: Muehlemann, Samuel; Pfeifer, Harald U.; Bernhard Wittek

Abstract:

A firm's expectation about the future business cycle is an important determinant of the decision to train apprentices. As German firms typically train apprentices to either fill future skilled worker positions, or as a substitute for other types of labor, the current coronavirus crisis will have a strong and negative impact on the German economy according to the current business cycle expectations of German firms. To the extent that the training decision of a firm depends on its perception of the business cycle, we expect a downward shift in the firm's demand for apprentices and...  [+] Show more

Subjects: Industry; Economics; Apprenticeship; Vocational education and training

Keywords: Business; Apprentice; Apprenticeable occupation; Economic conditions; Economic factor; Economic recession; Data analysis; Employers

Geographic subjects: Germany; Europe

Published: London, England: SpringerOpen, 2020

Access item:

https://doi.org/10.1186/s40461-020-00094-9
https://www.iza.org/publications/dp/13368/the-effect-of-business-cycle-expectations-on-the-german-apprenticeship-market-estimating-the-impact-of-covid-19

Also called: The effect of business cycle expectations on the German apprenticeship market: estimating the impact of Coronavirus Disease 2019

Journal volume: 12

Journal date: 2020

Pages: pp. 1-30

Series: IZA discussion paper; no. 13368

ISSN: 1877-6337, 1877-6345 (online), 2365-9793 (IZA discussion paper)

Statement of responsibility: Samuel Muehlemann, Harald Pfeifer, and Bernhard Wittek

Notes:
This article has also been published as an IZA discussion paper.

Resource type: Article

Document number: TD/TNC 141.402

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