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Is training effective for older workers?

Author

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  • Matteo Picchio

    (Marche Polytechnic University, Italy, and IZA, Germany)

Abstract

The labor market position of older workers is cause for concern in many industrialized countries. Rapid population aging is challenging pension systems. The recent economic crisis has forced many older adults out of the workforce, into either pre-retirement or non-employment. Encouraging people to work longer and fostering the employability of older workers have become priorities for policymakers. Training specifically designed for older workers might help attain these goals, since it may refresh human capital and reduce the pay–productivity gap. Training older workers might also benefit employers and society as a whole.

Suggested Citation

  • Matteo Picchio, 2021. "Is training effective for older workers?," IZA World of Labor, Institute of Labor Economics (IZA), pages 121-121, July.
    • Handle: RePEc:iza:izawol:journl:2021:n:121
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    References listed on IDEAS

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    1. Richard Desjardins & Arne Jonas Warnke, 2012. "Ageing and Skills: A Review and Analysis of Skill Gain and Skill Loss Over the Lifespan and Over Time," OECD Education Working Papers 72, OECD Publishing.
    2. Picchio, Matteo & van Ours, Jan C., 2013. "Retaining through training even for older workers," Economics of Education Review, Elsevier, vol. 32(C), pages 29-48.
    3. Montizaan, Raymond & Cörvers, Frank & De Grip, Andries, 2010. "The effects of pension rights and retirement age on training participation: Evidence from a natural experiment," Labour Economics, Elsevier, vol. 17(1), pages 240-247, January.
    4. Göbel, Christian & Zwick, Thomas, 2013. "Are personnel measures effective in increasing productivity of old workers?," Labour Economics, Elsevier, vol. 22(C), pages 80-93.
    5. Brunello, Giorgio & Comi, Simona, 2015. "The side effect of pension reforms on the training of older workers. Evidence from Italy," The Journal of the Economics of Ageing, Elsevier, vol. 6(C), pages 113-122.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Andrea Albanese & Bart Cockx & Yannick Thuy, 2020. "Working time reductions at the end of the career: Do they prolong the time spent in employment?," Empirical Economics, Springer, vol. 59(1), pages 99-141, July.
    2. Frimmel, Wolfgang, 2021. "Later retirement and the labor market re-integration of elderly unemployed workers," The Journal of the Economics of Ageing, Elsevier, vol. 19(C).
    3. Homrighausen, Pia & Lang, Julia, 2019. "Do informational nudges alter firms' hiring behavior of older workers?," IAB-Discussion Paper 201923, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    4. Nicola Gagliardi & Elena Grinza & François Rycx, 2021. "Can You Teach an Old Dog New Tricks? New Evidence on the Impact of Tenure on Productivity," Working Papers CEB 21-007, ULB -- Universite Libre de Bruxelles.
    5. Homrighausen, Pia & Lang, Julia, 2019. "Do informational nudges alter firms’ hiring behavior of older workers?," VfS Annual Conference 2019 (Leipzig): 30 Years after the Fall of the Berlin Wall - Democracy and Market Economy 203481, Verein für Socialpolitik / German Economic Association.
    6. Lee, Zeewan, 2022. "Returning to work: The role of soft skills and automatability on unretirement decisions," The Journal of the Economics of Ageing, Elsevier, vol. 22(C).
    7. Nicola Gagliardi & Elena Grinza & François Rycx, 2023. "Workers’ tenure and firm productivity: New evidence from matched employer‐employee panel data," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 62(1), pages 3-33, January.
    8. Christine Dauth & Ott Toomet, 2016. "On Government-Subsidized Training Programs for Older Workers," LABOUR, CEIS, vol. 30(4), pages 371-392, December.

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    More about this item

    Keywords

    older workers; training; human capital; employability;
    All these keywords.

    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 - - Personnel Economics - - - Training

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