The Effect of Early Retirement Incentives on the Training Participation of Older Workers
Human capital theory predicts that older workers are less likely to participate in on-the-job training than younger workers, due to lower net returns on such investments. Early retirement institutions are likely to affect these returns. Using the European Community Household Panel we show that older workers participate less in training, and that early retirement institutions do indeed matter. Generous early retirement schemes discourage older workers from taking part in training, whereas flexible early retirement schemes encourage this. Finally, the results suggest that in most European countries training can keep older workers longer in the labour market. Copyright 2009 CEIS, Fondazione Giacomo Brodolini and Blackwell Publishing Ltd..
Year of publication: |
2009
|
---|---|
Authors: | Fouarge, Didier ; Schils, Trudie |
Published in: |
LABOUR. - Centro di Studi Internazionali Sull'Economia e la Sviluppo (CEIS). - Vol. 23.2009, s1, p. 85-109
|
Publisher: |
Centro di Studi Internazionali Sull'Economia e la Sviluppo (CEIS) |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Why do low-educated workers invest less in further training?
Fouarge, Didier, (2010)
-
Schils, Trudie, (2006)
-
The effect of early retirement incentives on the training participation of older workers
Fouarge, Didier, (2009)
- More ...