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Training Participation of an Aging Workforce in an Internal Labor Market

  • Pfeifer, Christian
  • Janssen, Simon
  • Yang, Philip
  • Backes-Gellner, Uschi

We use a long panel data set for four entry cohorts into an internal labor market to analyze the effect of age on the probability to participate in different training measures. We find that training participation probabilities are inverted u-shaped with age and that longer training measures are undertaken earlier in life and working career, respectively. These findings are consistent with predictions from a human capital model which incorporates amortization period and screening effects. Our results point to a market failure in the context of human capital investments to increase employability of older workers.

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Paper provided by Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät in its series Hannover Economic Papers (HEP) with number dp-447.

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Length: 36 pages
Date of creation: Apr 2010
Date of revision:
Handle: RePEc:han:dpaper:dp-447
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