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Title:Firm-sponsored classroom training: Is it worth it for older workers? PDF Logo
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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