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Statutory Retirement Age and Lifelong Learning

Listed author(s):
  • Thomas Gries

    ()

    (University of Paderborn)

  • Stefan Jungblut

    ()

    (University of Paderborn)

  • Tim Krieger

    ()

    (University of Paderborn)

  • Henning Meier

    (University of Paderborn)

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/wp-wiwi/RePEc/pdf/ciepap/WP09.pdf
File Function: Revised version, 2009
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Paper provided by Paderborn University, CIE Center for International Economics in its series Working Papers CIE with number 9.

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Length: 43 pages
Date of creation: Jan 2009
Handle: RePEc:pdn:ciepap:9
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Web page: http://wiwi.uni-paderborn.de/center/cie/
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