Age and productivity : evidence from linked employer employee data


Goebel, Christian ; Zwick, Thomas


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URL: http://ub-madoc.bib.uni-mannheim.de/2357
URN: urn:nbn:de:bsz:180-madoc-23575
Document Type: Working paper
Year of publication: 2009
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: J11 J14 J21 ,
Subject headings (SWD): Älterer Arbeitnehmer , Produktivität , Unternehmensentwicklung , Arbeitnehmer
Keywords (English): ageing workforce , age , productivity , LEED , system GMM
Abstract: In most Western, industrialised countries the workforce is ageing rapidly. In order to assess the possible consequences of an ageing workforce, this paper measures the impact of changes in the age structure of establishments on productivity using representative linked employer-employee panel data. We take into account that the levels as well as the changes in the age structure of establishments and their production are likely to be simultaneously determined and apply dynamic GMM methods. We find that establishment productivity increases with the share of employees until the age of 50-55 and only decreases slightly afterwards. Our findings suggest that previous estimations are biased because they either do not take into account endogeneity, time dependencies, or crucial information correlated with age shares and productivity. Large standard deviations point to important variation in the age productivity profile among establishments.
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Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Goebel, Christian ; Zwick, Thomas (2009) Age and productivity : evidence from linked employer employee data. Open Access [Working paper]
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