TY  - RPRT
        AU  - Montizaan, Raymond
AU  - Cörvers, Frank
AU  - Grip, Andries de
        TI  - Training Background and Early Retirement
        PY  - 2008/May/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 3504
        UR  - https://www.iza.org/index.php/publications/dp3504
        AB  - 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.
        KW  - retirement
KW  - deferred compensation
KW  - training
        ER  -