Template-type: ReDif-Paper 1.0 Author-Name: Montizaan Raymond Author-Name: Coervers Frank Author-Name: Grip Andries de Author-workplace-name: ROA rm Title: Training and early Retirement Abstract: In this paper we analyze how retirement behavior is affected by a worker’s firm-specific or general training history. Using US data from the National Longitudinal Survey of Older Men and controlling for the effects of technological change and workers’ retirement preferences, we find that workers with a firm-specific training history retire earlier than workers with a general training background. This indicates that shared investments in firm-specific training are embedded in upward sloping earning profiles that create productivity-wage differentials for older workers. Keywords: education, training and the labour market; Series: Research Memoranda Creation-Date: 2007 Number: 002 File-URL: http://digitalarchive.maastrichtuniversity.nl/fedora/objects/guid:d60bfbe4-e646-47c6-a514-d04540e1b8b9/datastreams/ASSET1/content File-Format: application/pdf File-Size: 258294 Handle: RePEc:unm:umaror:2007002