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The Effects of Pension Rights and Retirement Age on Training Participation: Evidence from a Natural Experiment

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Author Info
Montizaan, Raymond () (ROA, Maastricht University)
Cörvers, Frank () (ROA, Maastricht University)
de Grip, Andries () (ROA, Maastricht University)

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Abstract

This paper uses a natural experiment approach to identify the effects of an exogenous change in future pension benefits on workers' training participation. We use unique matched survey and administrative data for male employees in the Dutch public sector who were born in 1949 or 1950. Only the latter were subject to a major pension reform that diminished their pension rights. We find that this exogenous shock to pension rights postpones expected retirement and increases participation in training courses among older employees, although exclusively for those employed in large organizations.

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Publisher Info
Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 4462.

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Length: 32 pages
Date of creation: Oct 2009
Date of revision:
Publication status: forthcoming in: Labour Economics
Handle: RePEc:iza:izadps:dp4462

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Related research
Keywords: natural experiment; retirement; training;

Other versions of this item:

Find related papers by JEL classification:
J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped
J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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