In jobs with a high probability of skill updating, technical change may encourage workers to delay their intended exit age.
The regression includes both the average probability of skill updating, the average probability of technical change and an interaction term crossing these two covariates.
Indeed, older workers who participate on a training session on new computer tools may intend to retire later because skill updating induces improved work opportunities.
The underlying idea is that a high likelihood of skill updating among workers aged 24-49 implies that the gains for the employer are higher than the training cost in this specific industry-occupation cell.
However, we introduce the possibility of skill updating (on-the-job training) in some types of jobs and analyze how training modifies retirement decisions in case of technological change.
Indeed, in column 2, we see that the coefficient associated with the interaction term is strongly significant and positive while the effect of the probability of skill updating becomes non significant.
Since we assume that training may allow older workers to remain integrated to the knowledge transfer process through a mechanism of skill updating, we expect that this effect will be higher in firms that have changed their organisation and work processes.
To provide a graphical illustration, we plot the propensity to delay the retirement decision as a function of the average probability of technical change, setting the probability of skill updating to 0 (simple jobs) in one case and to 1 (complex jobs) in the other case.
Under the new plan, she might be assigned to work in a nursing home or a hospital so that she could hone her skills, update her résumé and gain valuable contacts.
The aim of the research was to evaluate the effectiveness of implementing the Respiratory Skills Update (ReSKU) education program using integrated teaching and learning strategies, in the context of organisational utility, on improving surgical nurses' practice in the area of respiratory assessment.
