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The Innovative Capacity of an Aging Workforce

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  • Katharina Frosch

Abstract

In times of sweeping demographic changes, policy makers and business executives in mature economies perceive workforce aging as one potential threat to the capacity for innovation and technological progress. However, evidence for age-dependency in innovative performance is still scarce. Pressing questions in this context are for example: - Does workforce age affect the innovative capacity of firms and regions, and if so, how and through which transmission channels do these effects occur? - What are the sources of possible age-dependency in innovative performance, in particular with respect to innovation-relevant human capital? - What are the policy implications of the interplay between workforce age and the capacity to produce technological advances in times of future workforce aging? Starting from a comprehensive survey and critical discussion of existing studies about the interplay between workforce age and innovation, this book suggests a new conceptual framework to study the age-dependency of innovation. Based on this, three empirical studies investigate how the age composition of a workforce affects inventive performance in European regions, to what extent certain staffing patterns experienced by German firms boost innovative performance and how a region’s entrepreneurial capacity relates to the age composition of its working-age population.

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Bibliographic Info

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This book is provided by Rainer Hampp Verlag in its series Books with number 9783866186187 and published in 2011.

Edition: 1
Handle: RePEc:rai:rhbook:9783866186187

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Web page: http://www.hampp-verlag.de/

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Postal: Rainer Hampp Verlag, Marktplatz 5, 86415 Mering, Germany
Email:
Web: http://www.hampp-verlag.de/Hampp_Buecher.htm

Related research

Keywords: aging workforce; innovation; entrepreneurship; human capital; demographic change;

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