Upskilling Older Workers

Abstract

Governments across much of the developed world are\nconcerned to increase activity rates and employment among\nolder workers and more generally to improve their position\nin the labour market. The use of education and training\nprovision is prominent among the various policies that\nhave been advocated for this purpose, and this paper evaluates the role that such provision might play. Training is intended to increase the human capital of its recipients by\nenhancing their knowledge and skills. However, if this\ntraining is to improve the labour market position of individuals,\nthe extra human capital must be economically\nproductive and, as with any government intervention, the\nbenefits of the policy must be evaluated against the costs\nand with alternative policy options in mind.

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