Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/82153
Authors: 
Håkanson, Christina
Johanson, Satu
Mellander, Erik
Year of Publication: 
2003
Series/Report no.: 
Working Paper, IFAU - Institute for Labour Market Policy Evaluation 2003:8
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. <p> 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. <p> 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. <p> We formulate two proposals that can make training more counter-cyclical and increase the amount of training.
Subjects: 
Employer-sponsored training
accounting standards
JEL: 
D21
E32
H25
M41
M53
Document Type: 
Working Paper

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