Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/81262
Authors: 
Håkanson, Christina
Johanson, Satu
Mellander, Erik
Year of Publication: 
2003
Series/Report no.: 
IUI Working Paper 592
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 training. 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 limiting growth.We formulate two proposals that can make training more counter-cyclical and increase the amount of training.
Subjects: 
Training
Accounting System
Timing
Growth
JEL: 
D21
E32
H25
M41
M53
Document Type: 
Working Paper

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