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Training Participation of an Aging Workforce in an Internal Labor Market

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  • Pfeifer, Christian
  • Janssen, Simon
  • Yang, Philip
  • Backes-Gellner, Uschi

Abstract

We use a long panel data set for four entry cohorts into an internal labor market to analyze the effect of age on the probability to participate in different training measures. We find that training participation probabilities are inverted u-shaped with age and that longer training measures are undertaken earlier in life and working career, respectively. These findings are consistent with predictions from a human capital model which incorporates amortization period and screening effects. Our results point to a market failure in the context of human capital investments to increase employability of older workers.

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Bibliographic Info

Paper provided by Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät in its series Hannover Economic Papers (HEP) with number dp-447.

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Length: 36 pages
Date of creation: Apr 2010
Date of revision:
Handle: RePEc:han:dpaper:dp-447

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Keywords: Human capital; Internal labor markets; Training;

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Cited by:
  1. Stefanie Glotzbach, 2012. "Environmental justice in agricultural systems. An evaluation of success factors and barriers by the example of the Philippine farmer network MASIPAG," Working Paper Series in Economics 225, University of Lüneburg, Institute of Economics.

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