Are Older Workers Willing to Learn?

Arbeitspapier

Adult education can mitigate the productivity decline in aging societies if older workers are willing to learn. We examine a generous partial retirement reform in Germany that led to a massive increase in early retirement. Using county-level administrative data on voluntary education activities, we employ a difference-in-differences approach for identification. The estimates show a strong increase in participation in adult education, specifically in cognitively demanding courses, for early retirees who would have continued working in the absence of the reform. This supports the notion of an intrinsic willingness of older individuals to acquire skills and abilities independent of financial incentives.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: GLO Discussion Paper ; No. 580

Classification and Topics

• Classification: Wirtschaft ; Economics of the Elderly; Economics of the Handicapped; Non-labor Market Discrimination ; Human Capital; Skills; Occupational Choice; Labor Productivity ; Retirement; Retirement Policies
• Subject: partial retirement ; early retirement ; older workers ; adult education ; generalized difference-in-differences

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Ruhose, Jens ; Thomsen, Stephan L. ; Weilage, Insa
• Event: Veröffentlichung
• (who): Global Labor Organization (GLO)
• (where): Essen
• (when): 2020

Further information

• Handle: http://hdl.handle.net/10419/221744
• Last update: 10.03.2025, 11:43 AM CET