Firm-Sponsored Classroom Training: Is It Worth It For Older Workers?

Benoit Dostie and Pierre-Thomas Léger

CIRANO Working Papers from CIRANO

Abstract: We use longitudinal linked employer-employee data and find that the probability of participating in firm-sponsored classroom training diminishes rapidly for workers aged 45 years and older. Although the standard human capital investment model predicts such a decline, we also consider the possibility that returns to training decline with age. Taking into account endogenous training decisions, we find that the training wage premium diminishes only slightly with age. However, estimates of the impact of training on productivity decrease dramatically with age, suggesting that incentives for firms to invest in classroom training are much lower for older workers.

Keywords: Firm-Sponsored classroom training; impact of training; training wage premium; linked employer-employee data; productivity; aging (search for similar items in EconPapers)
Date: 2011-11-01
New Economics Papers: this item is included in nep-lab
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Citations: View citations in EconPapers (6)

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https://cirano.qc.ca/files/publications/2011s-69.pdf

Related works:
Journal Article: Firm-Sponsored Classroom Training: Is It Worth It for Older Workers? (2014)
Working Paper: FIRM-SPONSORED CLASSROOM TRAINING: IS IT WORTH IT FOR OLDER WORKERS? (2012)
Working Paper: FIRM-SPONSORED CLASSROOM TRAINING: IS IT WORTH IT FOR OLDER WORKERS? (2011)
Working Paper: Firm-Sponsored Classroom Training: Is It Worth It for Older Workers? (2011)
Working Paper: Firm-Sponsored Classroom Training: is it Worth it for Older Workers ? (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:cir:cirwor:2011s-69

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