@TechReport{iza:izadps:dp3504,
            	author={Montizaan, Raymond and Cörvers, Frank and Grip, Andries de},
            	title={Training Background and Early Retirement},
            	year={2008},
	month={May},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={3504},
            	url={https://www.iza.org/index.php/publications/dp3504},
	abstract={Several studies show that employees with firm-specific skills are more likely to be covered by employer-sponsored pension schemes than workers with general skills. Therefore it can be expected that workers with firm-specific skills retire earlier. This paper tests this prediction using US data from the National Longitudinal Survey of Older Men. We find that workers who participated in firm-specific training in their early careers retire earlier than workers with a general training background. This indicates that shared investments in firm-specific training are embedded in implicit contracts that induce early retirement. The results remain robust when controlling for technological change and work commitment.},
	keywords={retirement;deferred compensation;training},
            }