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

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 consequently a ... Show more

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

Published: London, England, SpringerOpen, 2020

Resource type: Article

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

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