Arbeitspapier

Recessions and the Labor Market Returns to Cognitive and Social Skills

zu Verbundenen Objekten

Although recessions negatively affect labor market outcomes, we find that individuals with greater cognitive skills have been less affected by recessions since 2000 compared to those in the 1980s and 1990s. This result occurs despite a decrease in the returns to cognitive skills over the last few decades, on average. We argue that changes in the provision of employer-paid training can help explain the relative return to cognitive skills during recent recessions due to lower training costs and enhanced labor productivity. Consistent with this, we find that firms provide more training to workers with higher cognitive skills during post-2000 recessions.

Sprache
Englisch

Erschienen in
Series: IZA Discussion Papers ; No. 16746

Klassifikation
Wirtschaft
Labor Economics: General
Labor Demand
Human Capital; Skills; Occupational Choice; Labor Productivity
Wage Level and Structure; Wage Differentials
Mobility, Unemployment, Vacancies, and Immigrant Workers: General
Unemployment: Models, Duration, Incidence, and Job Search
Thema
cognitive skills
social skills
training
recessions

Ereignis
Geistige Schöpfung
(wer)
Frisvold, David E.
Kim, Sun Hyung
Ereignis
Veröffentlichung
(wer)
Institute of Labor Economics (IZA)
(wo)
Bonn
(wann)
2024

Letzte Aktualisierung
10.03.2025, 11:46 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Frisvold, David E.
  • Kim, Sun Hyung
  • Institute of Labor Economics (IZA)

Entstanden

  • 2024

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