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Title: Technological Change and the Careers of Older Workers
Resulting in 1 citation.
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Bartel, Ann P. Sicherman, Nachum |
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Technological Change and the Careers of Older Workers NBER Working Paper No. 3433, National Bureau of Economic Research, 1990. Also: NBER Reprint No. 1802. Cohort(s): Older Men Publisher: National Bureau of Economic Research (NBER) Keyword(s): Human Capital Theory; Industrial Sector; Industrial Training; Job Training; Mobility, Interfirm; Retirement/Retirement Planning; Technology/Technological Changes; Training Recent research has shown that technological change has important labor market implications; this paper demonstrates one of the avenues through which this occurs. According to the theory of human capital, technological change will influence the retirement decisions of older workers in two ways. First, workers in industries characterized by high rates of technological change will have later retirement ages because these industries require larger amounts of on-the-job training. Second, an unexpected change in the industry's rate of technological change will induce older workers to retire sooner because the required amount of retraining will be an unattractive investment. The authors matched time-series data on rates of technological change and required amounts of training in 35 industrial sectors with data from the NLS Older Men's Survey to test these hypotheses. Results strongly supported both hypotheses. |
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Bibliography Citation
Bartel, Ann P. and Nachum Sicherman. "Technological Change and the Careers of Older Workers." NBER Working Paper No. 3433, National Bureau of Economic Research, 1990. |