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Will You Still Need Me: When I’m 64?

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  • Jan Ours

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Abstract

For various reasons the relationship between age and productivity is a matter of policy concern. I present new empirical research showing how productivity is affected by age. I study age effects at the individual level by analyzing data on running and publishing in economic journals. Furthermore I present empirical evidence at the firm level on the relationship between age, wage and productivity. In particular I address the potential wage-productivity gap that might occur at higher ages. I conclude that the productivity of older workers indeed decreases with their age. Nevertheless, the decline is limited. Furthermore, I find no evidence of a pay-productivity at higher ages.

(This abstract was borrowed from another version of this item.)

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File URL: http://hdl.handle.net/10.1007/s10645-009-9132-7
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Bibliographic Info

Article provided by Springer in its journal De Economist.

Volume (Year): 157 (2009)
Issue (Month): 4 (December)
Pages: 441-460

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Handle: RePEc:kap:decono:v:157:y:2009:i:4:p:441-460

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Web page: http://www.springerlink.com/link.asp?id=100260

Related research

Keywords: age; productivity; matched worker-firm data; J14; J24; J31;

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References

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  1. Malmberg, Bo & Lindh, Thomas & Halvarsson, Max, 2005. "Productivity consequences of workforce ageing - Stagnation or a Horndal effect?," Arbetsrapport, Institute for Futures Studies 2005:17, Institute for Futures Studies.
  2. Stoeldraijer, Lenny & van Ours, Jan C., 2010. "Age, wage and productivity," CEPR Discussion Papers 7713, C.E.P.R. Discussion Papers.
  3. Jan Ours & Frederic Vermeulen, 2007. "Ranking Dutch Economists," De Economist, Springer, Springer, vol. 155(4), pages 469-487, December.
  4. Jan C. van Ours & Lenny Stoeldraijer, 2010. "Age, Wage and Productivity," CESifo Working Paper Series 2965, CESifo Group Munich.
  5. Thierry Lallemand & François Rycx, 2009. "Are Older Workers Harmful for Firm Productivity?," De Economist, Springer, Springer, vol. 157(3), pages 273-292, September.
  6. Oswald, Andrew J., 2006. "An Examination of the Reliability of Prestigious Scholarly Journals: Evidence and Implications for Decision-makers," IZA Discussion Papers 2070, Institute for the Study of Labor (IZA).
  7. Weiss, Yoram, 1985. "The Effect of Labor Unions on Investment in Training: A Dynamic Model," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 93(5), pages 994-1007, October.
  8. Benoit Dostie, 2007. "Wages, Productivity and Aging," CIRANO Working Papers 2007s-02, CIRANO.
  9. Ilmakunnas, Pekka & Maliranta, Mika, 2003. "Technology, Labor Characteristic and Wage-productivity Gaps," Discussion Papers, The Research Institute of the Finnish Economy 860, The Research Institute of the Finnish Economy.
  10. Ilmakunnas, Pekka & Maliranta, Mika, 2007. "Aging, Labor Turnover and Firm Performance," Discussion Papers, The Research Institute of the Finnish Economy 1092, The Research Institute of the Finnish Economy.
  11. Ray C. Fair, 1991. "How Fast Do Old Men Slow Down?," Cowles Foundation Discussion Papers 989, Cowles Foundation for Research in Economics, Yale University.
  12. Loewenstein, George F & Sicherman, Nachum, 1991. "Do Workers Prefer Increasing Wage Profiles?," Journal of Labor Economics, University of Chicago Press, University of Chicago Press, vol. 9(1), pages 67-84, January.
  13. Ours, J.C. van & Stoeldraijer, L., 2010. "Age, Wage and Productivity," Discussion Paper, Tilburg University, Center for Economic Research 2010-12, Tilburg University, Center for Economic Research.
  14. Sharon M. Oster & Daniel S. Hamermesh, 1998. "Aging And Productivity Among Economists," The Review of Economics and Statistics, MIT Press, vol. 80(1), pages 154-156, February.
  15. J. Peter Neary & James A. Mirrlees & Jean Tirole, 2003. "Evaluating Economics Research in Europe: An Introduction," Journal of the European Economic Association, MIT Press, MIT Press, vol. 1(6), pages 1239-1249, December.
  16. Pantelis Kalaitzidakis & Theofanis P. Mamuneas & Thanasis Stengos, 2003. "Rankings of Academic Journals and Institutions in Economics," Journal of the European Economic Association, MIT Press, MIT Press, vol. 1(6), pages 1346-1366, December.
  17. van Ours, J. C. & Ridder, G., 2003. "Fast track or failure: a study of the graduation and dropout rates of Ph D students in economics," Economics of Education Review, Elsevier, Elsevier, vol. 22(2), pages 157-166, April.
  18. Vegard Skirbekk, 2003. "Age and individual productivity: a literature survey," MPIDR Working Papers WP-2003-028, Max Planck Institute for Demographic Research, Rostock, Germany.
  19. Lazear, Edward P, 1979. "Why Is There Mandatory Retirement?," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 87(6), pages 1261-84, December.
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Citations

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Age & productivity
    by chris dillow in Stumbling and Mumbling on 2009-07-14 08:53:42
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
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Cited by:
  1. Göbel, Christian & Zwick, Thomas, 2013. "Are personnel measures effective in increasing productivity of old workers?," Labour Economics, Elsevier, vol. 22(C), pages 80-93.
  2. Nicole Bosch & Bas ter Weel, 2013. "Labour-Market Outcomes of Older Workers in the Netherlands: Measuring Job Prospects Using the Occupational Age Structure," De Economist, Springer, Springer, vol. 161(2), pages 199-218, June.
  3. Mahlberg, Bernhard & Freund, Inga & Crespo Cuaresma, Jesús & Prskawetz, Alexia, 2011. "Ageing, productivity and wages in Austria," ECON WPS - Vienna University of Technology Working Papers in Economic Theory and Policy 03/2011, Vienna University of Technology, Institute for Mathematical Methods in Economics, Research Group Economics (ECON).
  4. van Ours, Jan C. & Stoeldraijer, Lenny, 2010. "Age, Wage and Productivity," IZA Discussion Papers 4765, Institute for the Study of Labor (IZA).
  5. Karsten Wasiluk, 2014. "Technology Adoption and Demographic Change," Working Paper Series of the Department of Economics, University of Konstanz 2014-05, Department of Economics, University of Konstanz.

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