The Relationship between Establishment Training and the Retention of Older Workers: Evidence from Germany / Peter B. Berg, Mary K. Hamman, Matthew M. Piszczek, Christopher J. Ruhm.

Format:

Book

Author/Creator:

Berg, Peter B.

Contributor:

National Bureau of Economic Research.

Hamman, Mary K.

Piszczek, Matthew M.

Ruhm, Christopher J.

Series:

Working Paper Series (National Bureau of Economic Research) no. w21746.

NBER working paper series no. w21746

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Relationship between Establishment Training and the Retention of Older Workers

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2015.

Summary:

In the coming years, a substantial portion of Germany's workforce will retire, making it difficult for businesses to meet human capital needs. Training older workers may be a successful strategy for managing this demographic transition. This study examines relationships between establishment training programs, wages, and retirement among older men and women. Using unique matched establishment-employee data from Germany, the authors find that when establishments offer special training programs targeted at older workers, women--and especially lower wage women--are less likely to retire. Results suggest this relationship may be due to greater wage growth. For men, findings suggest establishment offer of inclusion in standard training programs may improve retention of low wage men, but analysis of pre-existing differences in establishment retirement patterns suggests this relationship may not be causal. Our research suggests targeted training programs likely play an important role in retaining and advancing careers of low wage older women.

Notes:

Print version record

November 2015.