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Supply Shocks in th...
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Muehlemann, Samuel
(författare)
Supply Shocks in the Market for Apprenticeship Training
- Artikel/kapitelEngelska2022
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Elsevier BV,2022
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LIBRIS-ID:oai:DiVA.org:su-199665
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https://urn.kb.se/resolve?urn=urn:nbn:se:su:diva-199665URI
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https://doi.org/10.1016/j.econedurev.2021.102197DOI
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Språk:engelska
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Sammanfattning på:engelska
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Ämneskategori:art swepub-publicationtype
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We present a model with heterogeneous inputs and constant elasticity of substitution to examine the possible effects of a supply shock in the market for apprenticeship training. The model’s predictions are tested using data from a German high school reform that led to a one-time increase in the supply of highly educated apprentices. A difference-in-differences estimation strategy exploits regional variation in the timing of implementation, and an instrumental variable approach identifies the supply shock effects. We find that apprenticeship contracts among individuals with a high school degree increased by 7%, while apprentice wages were unaffected by the supply shock. Moreover, we find no evidence of substitution effects, as the number of training contracts among individuals with a lower-level school degree did not decrease. Our model predicts that such effects may occur when wages are sticky for apprentices with a high level of education relative to their productivity, which signals inefficiencies in the market for apprenticeship training.
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Dietrich, Hans
(författare)
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Pfann, GerardStockholms universitet,Institutet för social forskning (SOFI),Institute of Labor Economics (IZA), Germany; School of Business and Economics, The Netherlands; CESifo, Germany; CEPR, United Kingdom
(författare)
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Pfeifer, Harald
(författare)
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Stockholms universitetInstitutet för social forskning (SOFI)
(creator_code:org_t)
Sammanhörande titlar
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Ingår i:Economics of Education Review: Elsevier BV860272-77571873-7382
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