On government-subsidized training programs for older workers
Abstract
We analyze the impact of subsidized training programs for older workers. We apply a dynamic matching approach using German registry data. We find that subsidized training improves the probability to remain in paid employment by approximately 2.5 percentage points in the 2 years following treatment. The impact on benefit claims is small and largely insignificant. Effects are more pronounced for part-time workers, for long-duration program participants, and for workers older than 55 years. The results suggest that the main driver of these outcomes is postponed retirement, potentially because of improved job satisfaction.
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| Titel | On government-subsidized training programs for older workers |
|---|---|
| Medien | Labour: Review of Labour Economics and Industrial Relation |
| Heft | 4 |
| Band | 2016 |
| Verfasser | Prof. Dr. rer. pol. Christine Dauth, Ott Toomet |
| Seiten | 30 | 371-392 |
| Veröffentlichungsdatum | 04.09.2016 |
| Zitation | Dauth, Christine M.; Toomet, Ott (2016): On government-subsidized training programs for older workers. Labour: Review of Labour Economics and Industrial Relation 2016 (4), 30 | 371-392. DOI: 10.1111/labr.12082 |