Technological Change and Retirement Decisions of Older Workers
根据人力资本理论，技术变革通过两种方式影响老年工人的退休决策：行业技术变革率高时，若与在职培训正相关则延迟退休；技术变革意外加速时，因再培训投资不划算而提前退休。使用老年男性全国纵向调查数据验证了这两个假设。
According to human capital theory, technological change will influence the retirement decisions of older workers in two ways. First, workers in industries with high rates of technological change will retire later if there is a net positive correlation between technological change and on-the-job training. Second, an unexpected change in the rate of technological change will induce older workers to retire sooner because the required amount of retraining will be an unattractive investment. We matched industry data on productivity growth and occupational data on required training with data from the National Longitudinal Surveys of Older Men to test these hypotheses. Our results support both hypotheses. Copyright 1993 by University of Chicago Press.