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Title:Training participation of an aging workforce in an internal labor market PDF Logo
Authors:Pfeifer, Christian
Janssen, Simon
Yang, Philip
Backes-Gellner, Uschi
Issue Date:2010
Series/Report no.:Diskussionspapiere der Wirtschaftswissenschaftlichen Fakultät // Wirtschaftswissenschaftliche Fakultät, Leibniz Universität Hannover 447
Abstract: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.
Subjects:Age
Human capital
Internal labor markets
Training
JEL:J14
J24
M53
Document Type:Working Paper
Appears in Collections:Diskussionspapiere, Wirtschaftswissenschaftliche Fakultät, Universität Hannover

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