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The Aims of Lifelong Learning: Age-Related Effects of Training on Wages and Job Security

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  • Julia Lang
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    Abstract

    This study analyses the effects of training participation on wages and perceived job security for employees of different ages. Based on data from the German Socio-Economic Panel, results indicate that only younger workers benefit from training by an increase in wages, whereas older employees’ worries about losing their job are reduced. This observation can also be explained by the fact that goals of training courses are related to the age of participants. Moreover, I differentiate between workers who permanently and only occasionally participate in training. The results indicate that there seem to be decreasing marginal returns to training with respect to job security.

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    File URL: http://www.diw.de/documents/publikationen/73/diw_01.c.408058.de/diw_sp0478.pdf
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    Bibliographic Info

    Paper provided by DIW Berlin, The German Socio-Economic Panel (SOEP) in its series SOEPpapers on Multidisciplinary Panel Data Research with number 478.

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    Length: 36 p.
    Date of creation: 2012
    Date of revision:
    Handle: RePEc:diw:diwsop:diw_sp478

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    Keywords: Training; Wages; Job security;

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    1. Benoit Dostie, 2006. "Wages, Productivity and Aging," Cahiers de recherche 0645, CIRPEE.
    2. Loewenstein, Mark A & Spletzer, James R, 1998. "Dividing the Costs and Returns to General Training," Journal of Labor Economics, University of Chicago Press, vol. 16(1), pages 142-71, January.
    3. M. Picchio & J. C. Van Ours, 2011. "Retaining through Training Even for Older Workers," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 11/748, Ghent University, Faculty of Economics and Business Administration.
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    14. Goux, Dominique & Maurin, Eric, 2000. "Returns to firm-provided training: evidence from French worker-firm matched data1," Labour Economics, Elsevier, vol. 7(1), pages 1-19, January.
    15. Cataldi, Alessandra & Kampelmann, Stephan & Rycx, Francois, 2011. "Does It Pay to Be Productive? The Case of Age Groups," IZA Discussion Papers 5938, Institute for the Study of Labor (IZA).
    16. Andrea Bassanini, 2006. "Training, wages and employment security," Post-Print halshs-00120488, HAL.
    17. Edwin Leuven, 2005. "The Economics of Private Sector Training: A Survey of the Literature," Journal of Economic Surveys, Wiley Blackwell, vol. 19(1), pages 91-111, 02.
    18. Santiago Budria & Pedro Telhado Pereira, 2007. "The wage effects of training in Portugal: differences across skill groups, genders, sectors and training types," Applied Economics, Taylor and Francis Journals, vol. 39(6), pages 787-807.
    19. Zimmermann, Klaus F., 1998. "German Job Mobility and Wages," IZA Discussion Papers 4, Institute for the Study of Labor (IZA).
    20. Katz, Eliakim & Ziderman, Adrian, 1990. "Investment in General Training: The Role of Information and Labour Mobility," Economic Journal, Royal Economic Society, vol. 100(403), pages 1147-58, December.
    21. Bo Hansson, 2008. "Job-Related Training and Benefits for Individuals: A Review of Evidence and Explanations," OECD Education Working Papers 19, OECD Publishing.
    22. Bassanini, Andrea & Booth, Alison L. & Brunello, Giorgio & De Paola, Maria & Leuven, Edwin, 2005. "Workplace Training in Europe," IZA Discussion Papers 1640, Institute for the Study of Labor (IZA).
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