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The relationship between employer‐provided training and the retention of older workers: Evidence from Germany
Author(s) -
BERG Peter B.,
HAMMAN Mary K.,
PISZCZEK Matthew M.,
RUHM Christopher J.
Publication year - 2017
Publication title -
international labour review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.433
H-Index - 46
eISSN - 1564-913X
pISSN - 0020-7780
DOI - 10.1111/ilr.12031
Subject(s) - workforce , training (meteorology) , human capital , wage growth , labour economics , wage , business , economics , demographic economics , economic growth , physics , meteorology
A substantial portion of Germany's workforce will soon retire, making it difficult for businesses to meet their human capital needs; training older workers may help to manage this demographic transition. The authors therefore examine the relationships between employer‐provided training programmes, wages and retirement among older workers. They find that when establishments offer special training programmes targeted at these workers, women – especially low‐paid women – are less likely to retire, possibly because of consequent wage growth. Their results suggest that such targeted training can indeed play an important role in retaining low‐wage older women and advancing their careers.