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The Effect of Early Retirement Incentives on the Training Participation of Older Workers

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  • Didier Fouarge
  • Trudie Schils

Abstract

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..

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File URL: http://www.blackwell-synergy.com/doi/abs/10.1111/j.1467-9914.2008.00441.x
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Bibliographic Info

Article provided by CEIS in its journal LABOUR.

Volume (Year): 23 (2009)
Issue (Month): s1 (03)
Pages: 85-109

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Handle: RePEc:bla:labour:v:23:y:2009:i:s1:p:85-109

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Cited by:
  1. de Luna, Xavier & Stenberg, Anders & Westerlund, Olle, 2010. "Can adult education delay retirement from the labour market?," Working Paper Series 2010:2, IFAU - Institute for Evaluation of Labour Market and Education Policy.
  2. Uschi Backes-Gellner & Martin R. Schneider, 2011. "Economic Crises and the Elderly," Working Papers 0142, University of Zurich, Institute for Strategy and Business Economics (ISU).
  3. Montizaan Raymond & Cörvers Frank & Grip Andries de, 2009. "The effects of pension rights and retirement age on training participation: Evidence from a natural experiment," Research Memoranda 044, Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization.

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