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

Benoit Dostie and Pierre Thomas Léger ()
Additional contact information
Pierre Thomas Léger: HEC Montreal

No 6123, IZA Discussion Papers from Institute of Labor Economics (IZA)

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: productivity; aging; firm-sponsored classroom training; wages; linked employer-employee data (search for similar items in EconPapers)
JEL-codes: C23 D24 J31 (search for similar items in EconPapers)
Pages: 45 pages
Date: 2011-11
New Economics Papers: this item is included in nep-age, nep-hrm and nep-lab
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published - published in: Canadian Public Policy/Analyse de Politiques, 2014, 40 (4), 377-390

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https://docs.iza.org/dp6123.pdf (application/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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