Do labour hoarding practices stimulate training investments? Evidence from the Italian Great Recession.

Autor/in	Pedrini, Giulio
Titel	Do labour hoarding practices stimulate training investments? Evidence from the Italian Great Recession. Gefälligkeitsübersetzung: Stimuliert das Horten von Arbeitskräften Ausbildungsinvestitionen? Beweise aus der Großen Rezession in Italien.
Quelle	In: International journal of manpower, 43 (2022) 6, S. 1449-1468 PDF als Volltext Link als defekt meldenVerfügbarkeit
Sprache	englisch
Dokumenttyp	online; Zeitschriftenaufsatz
ISSN	1758-6577
DOI	10.1108/IJM-08-2021-0507
Schlagwörter	Bildung; Bildung; Investition; Italien; Auswirkung; Weiterbildungsangebot; Rezession; Arbeitskräftehortung; Investition; Rezession; On-the-Job-Training; Betriebliche Weiterbildung; Weiterbildungsangebot; Weiterbildungsverhalten; Auswirkung; Italien
Abstract	"Purpose: This paper investigates the relationship between labour hoarding practices and training investments during severe economic downturns focusing on the case of Italy during the Great Recession. Design/methodology/approach: Data come from the 2010 Italian wave of Continuing Vocational Training Survey (CVTS). Econometric estimates plug a proxy of labour hoarding into the probability function that firms provide either off-the-job or on-the-job training. A bivariate selectivity probit model is also used for robustness sake. Findings: Results show that labour hoarding should not be considered as an enhancer of training investments when considered as a standing-alone practice in presence of severe and deep economic downturn. However, labour hoarding does not penalize off-the-job training investments if it occurs in an innovative firm or in a firm that perceive specific skill requirements in the workforce during the recessionary period. Originality/value: The paper contributes to the debate on the role of labour hoarding during severe recessions by showing that it cannot be functional to re-oriented firms' investments aimed at upskilling their workforce. It is only compatible with new training courses that accompany the workforce across a technological transition. Policy implications deals with the suitability of job retention schemes or state-financed furlough during recessions, as occurred during the coronavirus disease 2019 (COVID-19) pandemic." The study refers to the period 2010-2010. (Author's abstract, IAB-Doku, © Emerald Group)..
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2023/1