Training background and early retirement

Arbeitspapier

Several studies show that employees with firm-specific skills are more likely to be covered by employer-sponsored pension schemes than workers with general skills. Therefore it can be expected that workers with firm-specific skills retire earlier. This paper tests this prediction using US data from the National Longitudinal Survey of Older Men. We find that workers who participated in firm-specific training in their early careers retire earlier than workers with a general training background. This indicates that shared investments in firm-specific training are embedded in implicit contracts that induce early retirement. The results remain robust when controlling for technological change and work commitment.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IZA Discussion Papers ; No. 3504

Classification and Topics

• Classification: Wirtschaft ; Economics of the Elderly; Economics of the Handicapped; Non-labor Market Discrimination
• Subject: Retirement ; training ; deferred compensation ; Altersgrenze ; Betriebliche Altersversorgung ; Arbeitskräfte ; Qualifikation ; Betriebliche Weiterbildung ; USA

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Montizaan, Raymond ; Cörvers, Frank ; De Grip, Andries
• Event: Veröffentlichung
• (who): Institute for the Study of Labor (IZA)
• (where): Bonn
• (when): 2008

Further information

• Handle: http://hdl.handle.net/10419/35193
• URN: urn:nbn:de:101:1-20080527249
• Last update: 10.03.2025, 11:42 AM CET