Training Participation of an Aging Workforce in an Internal Labor Market
Christian Pfeifer (),
Simon Janssen (),
Philip Yang () and
Hannover Economic Papers (HEP) from Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät
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.
Keywords: Human capital; Internal labor markets; Training (search for similar items in EconPapers)
JEL-codes: J14 J24 M53 (search for similar items in EconPapers)
Pages: 36 pages
New Economics Papers: this item is included in nep-age, nep-hrm and nep-lab
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Working Paper: Training Participation of an Aging Workforce in an Internal Labor Market (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:han:dpaper:dp-447
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