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Statutory Retirement Age and Lifelong Learning

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Author Info
Thomas Gries () (University of Paderborn)
Stefan Jungblut () (University of Paderborn)
Tim Krieger () (University of Paderborn)
Henning Meier (University of Paderborn)

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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.

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File URL: http://groups.uni-paderborn.de/fiwi/RePEc/pdf/wpaper/WP09.pdf
File Format: application/pdf
File Function: Revised version, 2009
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Publisher Info
Paper provided by University of Paderborn, CIE Center for International Economics in its series Working Papers with number 9.

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Length: 43 pages
Date of creation: Jan 2009
Date of revision:
Handle: RePEc:pdn:wpaper:9

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Web page: http://www.uni-paderborn.de/fakultaeten/wiwi/department4/cie/
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Related research
Keywords: lifelong learning; retirement; unemployment; education system;

Find related papers by JEL classification:
J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
O33 - Economic Development, Technological Change, and Growth - - Technological Change - - - Technological Change: Choices and Consequences; Diffusion Processes
J64 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - Unemployment: Models, Duration, Incidence, and Job Search

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References listed on IDEAS
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