Titelaufnahme

Titel
Working life and human capital investment : causal evidence from pension reform / Niklas Gohl (DIW Berlin and Potsdam University), Peter Haan (DIW Berlin, FU Berlin, Netspar and IZA), Elisabeth Kurz (Frontier Economics), Felix Weinhardt (HU Berlin, DIW Berlin, CESifo, IZA and CEP/LSE) ; IZA Institute of Labor Economics
VerfasserGohl, Niklas ; Haan, Peter ; Kurz, Elisabeth ; Weinhardt, Felix
KörperschaftForschungsinstitut zur Zukunft der Arbeit
ErschienenBonn, Germany : IZA Institute of Labor Economics, January 2020
Ausgabe
Elektronische Ressource
Umfang1 Online-Ressource (45 Seiten) : Diagramme
SerieDiscussion paper ; no. 12891
URLVolltext
URNurn:nbn:de:hbz:5:2-210209 
Zugänglichkeit
 Das Dokument ist öffentlich zugänglich im Rahmen des deutschen Urheberrechts.
Volltexte
Working life and human capital investment [1.72 mb]
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Verfügbarkeit In meiner Bibliothek
Zusammenfassung

This paper presents a life-cycle model with human capital investment during working life through training and provides a novel empirical test of human capital theory. We exploit a sizable pension reform across adjacent cohorts in a regression discontinuity setting and find that an increase in working life increases training. We discuss and test further predictions regarding the relation between initial schooling, training, and the reform effect, showing that only individuals with a college degree increase human capital investment. Our results speak to a large class of human capital models as well as policies extending or shortening working life.