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The effects of pension rights and retirement age on training participation: Evidence from a natural experiment

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  • Montizaan Raymond
  • Cörvers Frank
  • Grip Andries de

    (METEOR)

Abstract

This paper uses a natural experiment approach to identify the effects of an exogenous change in future pension benefits on workers'' training participation. We use unique matched survey and administrative data for male employees in the Dutch public sector who were born in 1949 or 1950. Only the latter were subject to a major pension reform that diminished their pension rights. We find that this exogenous shock to pension rights postpones expected retirement and increases participation in training courses among older employees, although exclusively for those employed in large organizations.

Suggested Citation

  • Montizaan Raymond & Cörvers Frank & Grip Andries de, 2009. "The effects of pension rights and retirement age on training participation: Evidence from a natural experiment," Research Memorandum 044, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
  • Handle: RePEc:unm:umamet:2009044
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Ann Barbara Bauer & Reiner Eichenberger, 2017. "Endogenous aging: How statutory retirement age drives human and social capital," CREMA Working Paper Series 2017-02, Center for Research in Economics, Management and the Arts (CREMA).
    2. Montizaan R.M. & Grip A. de & Fouarge D., 2015. "Training access, reciprocity, and expected retirement age," Research Memorandum 005, Maastricht University, Graduate School of Business and Economics (GSBE).
    3. Engl, Florian & Riedl, Arno & Weber, Roberto A., 2016. "Spillover Effects of Institutions on Cooperative Behavior, Preferences, and Beliefs," Research Memorandum 016, Maastricht University, Graduate School of Business and Economics (GSBE).
    4. 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.
    5. Berg, Peter B. & Hamman, Mary K. & Piszczek, Matthew & Ruhm, Christopher J., 2015. "The Relationship Between Establishment Training and the Retention of Older Workers: Evidence from Germany," IZA Discussion Papers 9508, Institute for the Study of Labor (IZA).
    6. Sahlgren, Gabriel H., 2012. "Work ‘til You Drop: Short- and Longer-Term Health Effects of Retirement in Europe," Working Paper Series 928, Research Institute of Industrial Economics.
    7. Bertoni, Marco & Brunello, Giorgio & Mazzarella, Gianluca, 2016. "Does postponing minimum retirement age improve healthy behaviours before retirement? Evidence from middle-aged Italian workers," ROA Research Memorandum 007, Maastricht University, Research Centre for Education and the Labour Market (ROA).
    8. repec:eee:joecag:v:6:y:2015:i:c:p:163-175 is not listed on IDEAS
    9. Messe, Pierre-Jean & Rouland, Bénédicte, 2014. "Stricter employment protection and firms' incentives to sponsor training: The case of French older workers," Labour Economics, Elsevier, vol. 31(C), pages 14-26.
    10. Matteo Picchio, 2015. "Is training effective for older workers?," IZA World of Labor, Institute for the Study of Labor (IZA), pages 121-121, January.
    11. Pierre-Jean Messe & Benedicte Rouland, 2012. "Stricter employment protection and firms’ incentives to train: The case of French older workers," TEPP Working Paper 2012-04, TEPP.
    12. Heller Sahlgren, Gabriel, 2016. "Retirement Blues," Working Paper Series 1114, Research Institute of Industrial Economics, revised 17 May 2017.
    13. Brunello, Giorgio & Comi, Simona, 2013. "The Side Effect of Pension Reforms on Training: Evidence from Italy," IZA Discussion Papers 7755, Institute for the Study of Labor (IZA).
    14. repec:eee:joecag:v:6:y:2015:i:c:p:113-122 is not listed on IDEAS

    More about this item

    Keywords

    labour economics ;

    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
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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