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Statutory Retirement Age and Lifelong Learning

Author

Listed:
  • Thomas Gries

    (University of Paderborn)

  • Stefan Jungblut

    (University of Paderborn)

  • Tim Krieger

    (University of Paderborn)

  • Henning Meier

    (University of Paderborn)

Abstract

The employability of an aging population in a world of continuous technical change is top of the political agenda. Due to endogenous human capital depreciation, the effective retirement age is often below statutory retirement age resulting in unemployment among older workers. We analyze this phenomenon in a putty-putty human capital vintage model and focus on education and the speed of human capital depreciation. Introducing a two-stage education system with initial schooling and lifelong learning, not even lifelong learning turns out to be capable of aligning economic and statutory retirement. However, lifelong learning can increase the number of people reaching statutory retirement age and hence reduce the problem of old age unemployment in an aging society.

Suggested Citation

  • Thomas Gries & Stefan Jungblut & Tim Krieger & Henning Meier, 2009. "Statutory Retirement Age and Lifelong Learning," Working Papers CIE 9, Paderborn University, CIE Center for International Economics.
    • Handle: RePEc:pdn:ciepap:9
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    File URL: http://groups.uni-paderborn.de/wp-wiwi/RePEc/pdf/ciepap/WP09.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    lifelong learning; retirement; unemployment; education system;
    All these keywords.

    JEL classification:

    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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