Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/58863 
Year of Publication: 
2011
Series/Report no.: 
IZA Discussion Papers No. 6123
Publisher: 
Institute for the Study of Labor (IZA), Bonn
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: 
Document Type: 
Working Paper

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