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Pensions and Training
Author(s) -
Dorsey Stuart,
Macpherson David A.
Publication year - 1997
Publication title -
industrial relations: a journal of economy and society
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.61
H-Index - 57
eISSN - 1468-232X
pISSN - 0019-8676
DOI - 10.1111/0019-8676.421997005
Subject(s) - incentive , productivity , workforce , training (meteorology) , current population survey , labour economics , test (biology) , job training , demographic economics , population , economics , business , economic growth , microeconomics , vocational education , paleontology , physics , demography , sociology , meteorology , biology
Economic analysis of private pensions commonly assumes that incentives for long tenure and early retirement enhance workforce productivity. An implication of the productivity theory of pensions is that workers who receive job training are more likely to be covered. We test this prediction with data from the Current Population Survey (CPS). We find a strong positive relationship between pensions and training, even after controlling for income and other worker and firm characteristics.