TY  - JOUR
AU  - Bartel,Ann P.
AU  - Sicherman,Nachum
TI  - Technological Change and the Careers of Older Workers
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 3433
PY  - 1993
Y2  - July 1993
UR  - http://www.nber.org/papers/w3433
L1  - http://www.nber.org/papers/w3433.pdf
N1  - Author contact info:
Ann P. Bartel
Graduate School of Business
Columbia University
3022 Broadway, 623 Uris Hall
New York, NY  10027
Tel: 212/854-4419
Fax: (212) 316-9219
E-Mail: apb2@columbia.edu

Nachum Sicherman
Graduate School of Business
Columbia University
3022 Broadway, 819 Uris
New York, NY 10027
Tel: 212/854-4464
Fax: 212/854-9895
E-Mail: nachum.sicherman@columbia.edu
M2  - featured in NBER digest on 1991-01-01
AB  - Recent research has shown that technological change has important labor market implications and in this paper we demonstrate one on the avenues through which this occurs. According to the theory of human capital, technological chanqe will influence the retirement decisions of older workers in two ways. First, workers in industries that are characterized by high rates of technological chanqe will have later retirement ages because these industries require larger amounts of on-the-job training. Second, an unexpected change in the industry's rate of technological change will induce older workers to retire sooner because the required amount of retraining will be an unattractive investment. We matched time-series data on rates of technological change and required amounts of training in 35 industrial sectors with data from the NLS Older Men Survey to test these hypotheses. Our results strongly support both hypotheses.
ER  -