The Side Effect of Pension Reforms on Training: Evidence from Italy

Giorgio Brunello and Simona Comi

No 7755, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: Due to pension reforms, minimum retirement age increased substantially in Italy between the second part of the 1990s and the early 2000s. We compare the training participation of pre- and post-reform cohorts of private sector employees and estimate that adding one year to minimum retirement age increases training incidence by 6.9 to 10.7 percent, depending on the empirical specification. We find that policies that increase the residual working horizon are effective in increasing training participation by senior workers, and that traditional training policies that aim at reducing training costs by providing subsidies are ineffective.

Keywords: pension reforms; training; Italy (search for similar items in EconPapers)
JEL-codes: J24 J26 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2013-11
New Economics Papers: this item is included in nep-age, nep-eur, nep-lab and nep-ltv
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

Published - published in: Journal of Economics of Aging, 2015, 6, 113 - 122

Downloads: (external link)
https://docs.iza.org/dp7755.pdf (application/pdf)

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: https://EconPapers.repec.org/RePEc:iza:izadps:dp7755

Ordering information: This working paper can be ordered from
IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany

Access Statistics for this paper

More papers in IZA Discussion Papers from Institute of Labor Economics (IZA) IZA, P.O. Box 7240, D-53072 Bonn, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Holger Hinte ().