The Cyclicality of Skill Acquisition: Evidence from Panel Data

Centre for Applied Macroeconomic Analysis (CAMA) Working Paper No. 13/2011

43 Pages Posted: 14 Jun 2011

See all articles by Facundo Sepulveda

Facundo Sepulveda

University of Santiago, Chile

Fabio Mendez

University of Arkansas - Sam M. Walton College of Business

Date Written: June 1, 2011

Abstract

This paper presents new empirical evidence regarding the cyclicality of skill acquisition activities. The paper studies both training and schooling episodes at the individual level using quarterly data from the NLSY79 for a period of 19 years. We find that aggregate schooling is strongly countercyclical, while aggregate training is acyclical. Several training categories however behave procyclically. The results also indicate that firm-financed training is procyclical while training financed through other means is countercyclical; and that the cyclicality of skill acquisition investments depends significantly on the educational level and the employment status of the individual.

Suggested Citation

Sepulveda, Facundo and Mendez, Fabio, The Cyclicality of Skill Acquisition: Evidence from Panel Data (June 1, 2011). Centre for Applied Macroeconomic Analysis (CAMA) Working Paper No. 13/2011. Available at SSRN: https://ssrn.com/abstract=1864272 or http://dx.doi.org/10.2139/ssrn.1864272

Facundo Sepulveda (Contact Author)

University of Santiago, Chile ( email )

Santiago
Chile

HOME PAGE: http://www.fsp.cl

Fabio Mendez

University of Arkansas - Sam M. Walton College of Business ( email )

Fayetteville, AR 72701
United States

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