The connection between age and productivity is a widely discussed topic in the empirical literature. The present paper's aim is to contribute to the explanation of an apparant lower productivity of older individuals. If we introduce uncertainty about the future working conditions depending on present success, a decrease of productivity over the working life can be observed despite a constant a priori productivity.
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
14682.
Find related papers by JEL classification: J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped J71 - Labor and Demographic Economics - - Labor Discrimination - - - Hiring and Firing
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