Analyzing the Influential Factors of Older Worker's Job Training Participation

Analyzing the Influential Factors of Older Worker's Job Training Participation

Sung-Eun Cho (Sookmyung Women's University, Seoul, Korea) and Young-Min Lee (Sookmyung Women's University, Seoul, Korea)
Copyright: © 2019 |Pages: 10
DOI: 10.4018/JECO.2019010105

Abstract

This study explores determinants of middle-aged workers' participation in job training and provides implications to vitalizing middle-aged workers' participation in job training, using logistic regression analysis of Korea Labor Institute (KLIPS) data. As a result, among individual characteristics of older workers, residence in the metropolitan area, family relationship satisfaction, and household status have a significant effect on participation in job training. Regarding job and individual work characteristics, current work experience has a positive relationship. While for corporate characteristics, presence of unions and availability of statutory severance pay have a significant effect on participation in job training. Consequently, this study provides implications for vitalizing the older workers' participation in job training.
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2. Literature Review

Various theories can explain the necessity of job training. First, Shultz (1960)’s human capital theory introduces the concept of human capital and discusses the productivity increase of the labor force through education. He argued that education and training individually increase labor force and income at the same time as socially investing in human capital, which contributes to economic growth. Investment in human capital is oriented towards the long-term in order to secure the competitiveness and driving force integral to productivity improvement in the changing environment. From this perspective, older workers’ participation in job training may be considered to be the choice to increase their own competitiveness in the labor market with an interest in continuing labor.

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