Training participation of an aging workforce in an internal labor market

Arbeitspapier

We use a long panel data set for four entry cohorts into an internal labor market to analyze the effect of age on the probability to participate in different training measures. We find that training participation probabilities are inverted u-shaped with age and that longer training measures are undertaken earlier in life and working career, respectively. These findings are consistent with predictions from a human capital model which incorporates amortization period and screening effects. Our results point to a market failure in the context of human capital investments to increase employability of older workers.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Diskussionsbeitrag ; No. 447

Classification and Topics

• Classification: Wirtschaft ; Economics of the Elderly; Economics of the Handicapped; Non-labor Market Discrimination ; Human Capital; Skills; Occupational Choice; Labor Productivity ; Personnel Economics: Training
• Subject: Age ; Human capital ; Internal labor markets ; Training ; Weiterbildung ; Altersgruppe ; Ältere Arbeitskräfte ; Bildungsverhalten ; Bildungsinvestition ; Interner Arbeitsmarkt ; Deutschland

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Pfeifer, Christian ; Janssen, Simon ; Yang, Philip ; Backes-Gellner, Uschi
• Event: Veröffentlichung
• (who): Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät
• (where): Hannover
• (when): 2010

Further information

• Handle: http://hdl.handle.net/10419/38747
• Last update: 10.03.2025, 11:42 AM CET