Jacobson, Louis; LaLonde, Robert; Sullivan, Daniel G. - 2004
This paper estimates the returns to retraining for older displaced workers--those 35 or older--by estimating the impact … retraining, the per-period impact for older and younger displaced workers is similar. We estimate that one academic year of such … that retraining older workers is a sound social investment. We find that the social internal rates of return from …