Details
Original language | English |
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Number of pages | 55 |
Publication status | Published - 2020 |
Publication series
Name | CESifo Working Papers |
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Publisher | Munich Society for the Promotion of Economic Research - CESifo GmbH |
No. | 8399 |
ISSN (Print) | 2364-1428 |
Abstract
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2020. (CESifo Working Papers; No. 8399).
Research output: Working paper/Preprint › Working paper/Discussion paper
}
TY - UNPB
T1 - Are Older Workers Willing to Learn?
AU - Ruhose, J.
AU - Thomsen, S.L.
AU - Weilage, I.
PY - 2020
Y1 - 2020
N2 - Adult education can mitigate the productivity decline in aging societies if older workers are willing to learn. We examine a generous partial retirement reform in Germany that led to a massive increase in early retirement. Using county-level administrative data on voluntary education activities, we employ a difference-in-differences approach for identification. The estimates show a strong increase in participation in adult education, specifically in cognitively demanding courses, for early retirees who would have continued working in the absence of the reform. This supports the notion of an intrinsic willingness of older individuals to acquire skills and abilities independent of financial incentives.
AB - Adult education can mitigate the productivity decline in aging societies if older workers are willing to learn. We examine a generous partial retirement reform in Germany that led to a massive increase in early retirement. Using county-level administrative data on voluntary education activities, we employ a difference-in-differences approach for identification. The estimates show a strong increase in participation in adult education, specifically in cognitively demanding courses, for early retirees who would have continued working in the absence of the reform. This supports the notion of an intrinsic willingness of older individuals to acquire skills and abilities independent of financial incentives.
UR - http://www.scopus.com/inward/record.url?eid=2-s2.0-85112859871&partnerID=MN8TOARS
UR - https://econpapers.repec.org/paper/izaizadps/dp13416.htm
U2 - 10.2139/ssrn.3644813
DO - 10.2139/ssrn.3644813
M3 - Working paper/Discussion paper
T3 - CESifo Working Papers
BT - Are Older Workers Willing to Learn?
ER -