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http://hdl.handle.net/10419/58863
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| Title: | | Firm-sponsored classroom training: Is it worth it for older workers?  |
| Authors: | | Dostie, Benoit Léger, Pierre Thomas |
| Issue Date: | | 2011 |
| Series/Report no.: | | Discussion Paper series, Forschungsinstitut zur Zukunft der Arbeit 6123 |
| 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. |
| Subjects: | | wages productivity linked employer-employee data aging firm-sponsored classroom training |
| JEL: | | C23 D24 J31 |
| Persistent Identifier of the first edition: | | urn:nbn:de:101:1-201111303553 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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