English, Article edition: Procyclical Skill Retooling and Equilibrium Search Ian King; Arthur Sweetman

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Bookmark: http://trove.nla.gov.au/version/112475
Physical Description
  • article
Language
  • English

Edition details

Title
  • Procyclical Skill Retooling and Equilibrium Search
Author
  • Ian King
  • Arthur Sweetman
Physical Description
  • article
Notes
  • We argue that more workers choose to switch occupations in booms than in recessions. That is, skill retooling is procyclical. This view is consistent with Lucas and Prescotts (1974) equilibrium search model modified with aggregate shocks and unemployment insurance. Empirical support is found in a unique Canadian administrative data set that measures the annual flow of workers (from 1979-1993) who separate from their jobs to 'return to school'. This flow is strongly procyclical. (Copyright: Elsevier)
  • business cycles, schooling, equilibrium search
  • RePEc:red:issued:v:5:y:2002:i:3:p:704-717
Language
  • English
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