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The Aims of Lifelong Learning: Age-Related Effects of Training on Wages and Job Security

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  • Julia Lang

Abstract

This study analyses the effects of training participation on wages and perceived job security for employees of different ages. Based on data from the German Socio-Economic Panel, results indicate that only younger workers benefit from training by an increase in wages, whereas older employees' worries about losing their job are reduced. This observation can also be explained by the fact that goals of training courses are related to the age of participants. Moreover, I differentiate between workers who permanently and only occasionally participate in training. The results indicate that there seem to be decreasing marginal returns to training with respect to job security.

Suggested Citation

  • Julia Lang, 2012. "The Aims of Lifelong Learning: Age-Related Effects of Training on Wages and Job Security," SOEPpapers on Multidisciplinary Panel Data Research 478, DIW Berlin, The German Socio-Economic Panel (SOEP).
    • Handle: RePEc:diw:diwsop:diw_sp478
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    File URL: https://www.diw.de/documents/publikationen/73/diw_01.c.408058.de/diw_sp0478.pdf
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    Cited by:

    1. Mathias Kloss & Thomas Kirschstein & Steffen Liebscher & Martin Petrick, 2019. "Robust Productivity Analysis: An application to German FADN data," Papers 1902.00678, arXiv.org, revised Feb 2019.
    2. Michele Belloni & Claudia Villosio, 2014. "Training and wages of older workers in Europe," Working Papers 2014:27, Department of Economics, University of Venice "Ca' Foscari".
    3. Florence Lebert & Erika Antal, 2016. "Reducing Employment Insecurity," SAGE Open, , vol. 6(4), pages 21582440166, October.
    4. Anna Ruzik-Sierdzinska & Claudia Villosio & Michele Belloni & Maciej Lis & Monika Potoczna, 2013. "Age and productivity. Human Capital Accumulation and Depreciation," CASE Network Reports 0114, CASE-Center for Social and Economic Research.
    5. Lee, Jong-Wha & Kwak, Do Won & Song, Eunbi, 2022. "Can older workers stay productive? The role of ICT skills and training," Journal of Asian Economics, Elsevier, vol. 79(C).

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    More about this item

    Keywords

    Training; Wages; Job security;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J28 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Safety; Job Satisfaction; Related Public Policy
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • M53 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Training

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