Arbeitspapier
Working Life and Human Capital Investment: Causal Evidence from Pension Reform
This paper presents a life-cycle model with human capital investment during working life through training and provides a novel empirical test of human capital theory. We exploit a sizable pension reform across adjacent cohorts in a regression discontinuity setting and find that an increase in working life increases training. We discuss and test further predictions regarding the relation between initial schooling, training, and the reform effect, showing that only individuals with a college degree increase human capital investment. Our results speak to a large class of human capital models as well as policies extending or shortening working life.
- Sprache
-
Englisch
- Erschienen in
-
Series: IZA Discussion Papers ; No. 12891
- Klassifikation
-
Wirtschaft
Human Capital; Skills; Occupational Choice; Labor Productivity
Retirement; Retirement Policies
Taxation and Subsidies: Efficiency; Optimal Taxation
- Thema
-
human capital
retirement policies
RDD
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Gohl, Niklas
Haan, Peter
Kurz, Elisabeth
Weinhardt, Felix
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute of Labor Economics (IZA)
- (wo)
-
Bonn
- (wann)
-
2020
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Gohl, Niklas
- Haan, Peter
- Kurz, Elisabeth
- Weinhardt, Felix
- Institute of Labor Economics (IZA)
Entstanden
- 2020
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