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

Dieses Objekt wird bereitgestellt von:
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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