Training participation of a firm´s aging workforce
Research output: Working paper › Working papers
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Training participation of a firm´s aging workforce. / Pfeifer, Christian; Janssen, Simon; Yang, Phillip et al.
Zürich, Bern : Swiss Leading House Economics of Education, 2012. (Working Paper ; No. 80).Research output: Working paper › Working papers
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TY - UNPB
T1 - Training participation of a firm´s aging workforce
AU - Pfeifer, Christian
AU - Janssen, Simon
AU - Yang, Phillip
AU - Backes-Gellner, Uschi
PY - 2012
Y1 - 2012
N2 - 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.
AB - 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.
KW - Economics
KW - Gender and Diversity
M3 - Working papers
VL - 4
T3 - Working Paper
BT - Training participation of a firm´s aging workforce
PB - Swiss Leading House Economics of Education
CY - Zürich, Bern
ER -