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| dc.contributor.author | King, Ian | en |
| dc.contributor.author | Sweetman, Arthur | en |
| dc.date.accessioned | 2006-11-30T20:53:27Z | en |
| dc.date.available | 2006-11-30T20:53:27Z | en |
| dc.date.issued | 2002 | en |
| dc.identifier.citation | Department of Economics Working Paper Series 225 | en |
| dc.identifier.uri | http://hdl.handle.net/2292/162 | en |
| dc.description.abstract | 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 Prescott's (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. | en |
| dc.format.extent | application/pdf | en |
| dc.format.mimetype | text | en |
| dc.language.iso | en | en |
| dc.publisher | ResearchSpace@Auckland | en |
| dc.relation.ispartofseries | Department of Economics Working Paper Series (1997-2006) | en |
| dc.rights | Items in ResearchSpace are protected by copyright, with all rights reserved, unless otherwise indicated. Previously published items are made available in accordance with the copyright policy of the publisher. | en |
| dc.rights.uri | https://researchspace.auckland.ac.nz/docs/uoa-docs/rights.htm | en |
| dc.subject.other | business cycles | en |
| dc.subject.other | Economics | en |
| dc.title | Procyclical Skill Retooling and Equilibrium | en |
| dc.type | Working Paper | en |
| dc.rights.holder | Copyright: the author | en |
| dc.rights.accessrights | http://purl.org/eprint/accessRights/OpenAccess | en |
| pubs.org-id | Economics | en |
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