Template-type: ReDif-Paper 1.0
Author-Name: Allen Jim 
Author-Name: Grip Andries de
Author-workplace-name: ROA rm
Title: Skill Obsolescence, Lifelong Learning and Labor Market Participation
Abstract: We analyze whether technological change induces skill obsolescence and early labor market exit, and to what extent lifelong learning reduces these risks. Using panel data on older workers, we find that workers report skill obsolescence more often in jobs in which learning is a structural characteristic. However, perceived skill obsolescence has no significant effect on the probability of losing employment. Instead, workers who experience skill obsolescence participate more often in training, which decreases the risk of losing employment. The results are consistent with the dynamic model of skill obsolescence and employment loss developed in this paper. Moreover, we find that when workers with long job tenures decrease their training participation, this is an early indicator of future job loss.
Keywords: education, training and the labour market; 
Series: Research Memoranda
Creation-Date: 2007
Number: 006
File-URL: http://digitalarchive.maastrichtuniversity.nl/fedora/objects/guid:4988711d-f8eb-468c-8d29-bef2173cd85d/datastreams/ASSET1/content
File-Format: application/pdf
File-Size: 100538
Handle: RePEc:unm:umaror:2007006