The Side Effect of Pension Reforms on Training: Evidence from Italy
AbstractDue to pension reforms, minimum retirement age increased substantially in Italy between the second part of the 1990s and the early 2000s. We compare the training participation of pre- and post-reform cohorts of private sector employees and estimate that adding one year to minimum retirement age increases training incidence by 6.9 to 10.7 percent, depending on the empirical specification. We find that policies that increase the residual working horizon are effective in increasing training participation by senior workers, and that traditional training policies that aim at reducing training costs by providing subsidies are ineffective.
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Bibliographic InfoPaper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 7755.
Length: 25 pages
Date of creation: Nov 2013
Date of revision:
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Find related papers by JEL classification:
- 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
This paper has been announced in the following NEP Reports:
- NEP-AGE-2013-11-29 (Economics of Ageing)
- NEP-ALL-2013-11-29 (All new papers)
- NEP-EUR-2013-11-29 (Microeconomic European Issues)
- NEP-LAB-2013-11-29 (Labour Economics)
- NEP-LTV-2013-11-29 (Unemployment, Inequality & Poverty)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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- Montizaan, Raymond & Cörvers, Frank & de Grip, Andries, 2009. "The Effects of Pension Rights and Retirement Age on Training Participation: Evidence from a Natural Experiment," IZA Discussion Papers 4462, Institute for the Study of Labor (IZA).
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