The Effect of Early Retirement Incentives on the Training Participation of Older Workers

Didier Fouarge () and Trudie Schils

LABOUR, 2009, vol. 23, issue s1, pages 85-109

Abstract: Human capital theory predicts that older workers are less likely to participate in on-the-job training than younger workers, due to lower net returns on such investments. Early retirement institutions are likely to affect these returns. Using the European Community Household Panel we show that older workers participate less in training, and that early retirement institutions do indeed matter. Generous early retirement schemes discourage older workers from taking part in training, whereas flexible early retirement schemes encourage this. Finally, the results suggest that in most European countries training can keep older workers longer in the labour market. Copyright 2009 CEIS, Fondazione Giacomo Brodolini and Blackwell Publishing Ltd..

Date: 2009
View citations in EconPapers

Downloads: (external link)
http://www.blackwell-synergy.com/doi/abs/10.1111/j.1467-9914.2008.00441.x link to full text (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:bla:labour:v:23:y:2009:i:s1:p:85-109

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=1121-7081

Access Statistics for this article

LABOUR is edited by Renato Brunetta and Franco Peracchi

More articles in LABOUR from CEIS, Fondazione Giacomo Brodolini and Blackwell Publishing Ltd
Series data maintained by Christopher F. Baum ().