Training Participation of a Firm's Aging Workforce
AbstractWe use a long panel data set for four cohorts of male blue-collar workers entering into an internal labor market to analyze the effect of age on the probability of participating in different employer-financed 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. These findings are consistent with predictions from a human capital model that incorporates amortization period and screening effects.
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Bibliographic InfoPaper provided by University of Zurich, Institute for Strategy and Business Economics (ISU) in its series Economics of Education Working Paper Series with number 0080.
Length: 33 pages
Date of creation: Aug 2012
Date of revision:
Age; Human capital; Internal labor markets; Training;
Find related papers by JEL classification:
- J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- M53 - Business Administration and Business Economics; Marketing; Accounting - - Personnel Economics - - - Training
This paper has been announced in the following NEP Reports:
- NEP-AGE-2012-09-16 (Economics of Ageing)
- NEP-ALL-2012-09-16 (All new papers)
- NEP-BEC-2012-09-16 (Business Economics)
- NEP-DEM-2012-09-16 (Demographic Economics)
- NEP-HRM-2012-09-16 (Human Capital & Human Resource Management)
- NEP-LAB-2012-09-16 (Labour Economics)
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