Training and early Retirement
AbstractIn this paper we analyze how retirement behavior is affected by a worker’s firm-specific or general training history. Using US data from the National Longitudinal Survey of Older Men and controlling for the effects of technological change and workers’ retirement preferences, we find that workers with a firm-specific training history retire earlier than workers with a general training background. This indicates that shared investments in firm-specific training are embedded in upward sloping earning profiles that create productivity-wage differentials for older workers.
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Bibliographic InfoPaper provided by Maastricht : ROA, Research Centre for Education and the Labour Market in its series Research Memoranda with number 002.
Date of creation: 2007
Date of revision:
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Web page: http://www.maastrichtuniversity.nl/web/UMPublications.htm
education; training and the labour market;
This paper has been announced in the following NEP Reports:
- NEP-AGE-2007-11-24 (Economics of Ageing)
- NEP-ALL-2007-11-24 (All new papers)
- NEP-EDU-2007-11-24 (Education)
- NEP-HRM-2007-11-24 (Human Capital & Human Resource Management)
- NEP-LAB-2007-11-24 (Labour Economics)
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