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Institut für Volkswirtschaftslehre, Leuphana Universität Lüneburg >
Working Paper Series in Economics, Leuphana Universität Lüneburg >
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http://hdl.handle.net/10419/57165
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| Title: | | Training participation of an aging workforce in an internal labor market  |
| Authors: | | Pfeifer, Christian Janssen, Simon Yang, Philip Backes-Gellner, Uschi |
| Issue Date: | | 2010 |
| Series/Report no.: | | University of Lüneburg Working Paper Series in Economics 170 |
| 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: | | Working Paper Series in Economics, Leuphana Universität Lüneburg
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