A new look at technical progress and early retirement

Abstract

Technical progress affects early retirement in two opposing ways. On the one hand, it increases real wages and thus produces an incentive to postpone retirement. On the other hand, it erodes workers' skills, making early retirement more likely. We re-examine the effect of technical progress on early retirement in the US. We measure technical change during the whole working life of the individuals and find that its effect on the probability of early retirement is non-monotonic. In particular, when technical change is small, the erosion effect dominates, but when it is large the wage effect dominates. These results may signal that the higher the technical change, the more willing are the elderly to retrain, which has direct policy implications for the design of elderly training programs. Jel codes: J24, J26, O33

Technical and Vocational Teachers' Conceptions of ICT in the Workplace: bridging the gap between teaching and professional practice

“…In fact, the teachers who had a longer workplace experience had more inclusive conceptions of ICT than those teachers who had a shorter work experience. This finding is more supportive to the evidence that the experienced workers are open to high-level technological change (Burlon & Vilalta-Bufí, 2016). However, the length of teachers' work experience within the industry for which they prepare students should not be seen as the only explanation for teachers' more inclusive conceptions of ICT workplace; the nature of profession, specific tasks performed by professionals in different workplaces, and other features of workplace may also be related to how teachers see ICT in the workplace.…”

Tightening Access to Early Retirement: Who Can Adapt?

“…Technical change as a whole can have different effects on early retirement. Bartel & Sicherman (1993) and Burlon & Vilalta-Bufí (2016) for example find that in industries with high technical change the probability for later retirement is higher than in industries with low technical change. Ahituv & Zeira (2011) show in a general equilibrium model that aggregate technical change induces individuals to work longer, while sector-specific technical change has the opposite effect.…”

Life-Cycle Worker Flows and Cross-Country Differences in Aggregate Employment

“… See Bell and Blanchflower [2011],Burlon and Vilalta-Bufí [2016],Cahuc et al [2013], andCaliendo and Schmidl [2016], as well as many OECD publications such as the OECD[2010] report on the barriers to employment for young workers and the OECD [2019] report on retirement policies and employment at older ages.2 The other sources of employment differences across countries are initial conditions, i.e. different rates of unemployment and labor force participation in the first age group (16 years-old in our analysis), and differences in the demographic structure of the labor force.…”