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.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: IZA Discussion Papers ; No. 3504

Klassifikation und Themen

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

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Montizaan, Raymond ; Cörvers, Frank ; De Grip, Andries
• Ereignis: Veröffentlichung
• (wer): Institute for the Study of Labor (IZA)
• (wo): Bonn
• (wann): 2008

Weitere Informationen

• Handle: http://hdl.handle.net/10419/35193
• URN: urn:nbn:de:101:1-20080527249
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ