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Ageing, productivity and wages in Austria: sector level evidence

  • Bernhard Mahlberg

    ()

  • Inga Freund
  • Alexia Prskawetz

In this paper we analyse the link between the age structure of the labour force and average labour productivity as well as average wage across industrial sectors. While this intermediate economic level has been under-explored up to now, we will argue that it provides valuable insights in several respects. Our analysis is based on a panel data set ranging over 6 years (2002–2007). It covers the sectors of mining, manufacturing and market oriented services in the Austrian economy. Our results exhibit a positive correlation of the share of older employees and productivity, whereas we cannot find any evidence for a significant relationship of the share of younger employees and productivity. Moreover, the estimated age-wage pattern does not hint at an over-payment of older employees. Copyright Springer Science+Business Media New York 2013

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File URL: http://hdl.handle.net/10.1007/s10663-012-9192-9
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Article provided by Springer & Austrian Institute for Economic Research & Austrian Economic Association in its journal Empirica.

Volume (Year): 40 (2013)
Issue (Month): 4 (November)
Pages: 561-584

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Handle: RePEc:kap:empiri:v:40:y:2013:i:4:p:561-584
DOI: 10.1007/s10663-012-9192-9
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  1. Jacob A. Mincer, 1974. "Schooling, Experience, and Earnings," NBER Books, National Bureau of Economic Research, Inc, number minc74-1, March.
  2. Jianmin Tang & Carolyn MacLeod, 2006. "Labour force ageing and productivity performance in Canada," Canadian Journal of Economics, Canadian Economics Association, vol. 39(2), pages 582-603, May.
  3. Lazear, Edward P, 1979. "Why Is There Mandatory Retirement?," Journal of Political Economy, University of Chicago Press, vol. 87(6), pages 1261-84, December.
  4. Freund, Inga & Mahlberg, Bernhard & Prskawetz, Alexia, 2011. "A matched employer-employee panel data set for Austria: 2002 - 2005," ECON WPS - Vienna University of Technology Working Papers in Economic Theory and Policy 01/2011, Vienna University of Technology, Institute for Mathematical Methods in Economics, Research Group Economics (ECON).
  5. Susana Iranzo & Fabiano Schivardi & Elisa Tosetti, 2008. "Skill Dispersion and Firm Productivity: An Analysis with Employer-Employee Matched Data," Journal of Labor Economics, University of Chicago Press, vol. 26(2), pages 247-285, 04.
  6. Patrick Aubert & Bruno Crépon, 2003. "La productivité des salariés âgés : une tentative d'estimation," Économie et Statistique, Programme National Persée, vol. 368(1), pages 95-119.
  7. Ana Cardoso & Paulo Guimarães & José Varejão, 2011. "Are Older Workers Worthy of Their Pay? An Empirical Investigation of Age-Productivity and Age-Wage Nexuses," De Economist, Springer, vol. 159(2), pages 95-111, June.
  8. Benoit Dostie, 2006. "Wages, Productivity and Aging," Cahiers de recherche 06-15, HEC Montréal, Institut d'économie appliquée.
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  10. Bart van Ark & Mary O'Mahoney & Marcel P. Timmer, 2008. "The Productivity Gap between Europe and the United States: Trends and Causes," Journal of Economic Perspectives, American Economic Association, vol. 22(1), pages 25-44, Winter.
  11. Catherine Robinson & Mary O'Mahony & Michela Vecchi, 2004. "The Impact Of ICT On The Demand For Skilled Labour: A Cross-Country Comparison," Royal Economic Society Annual Conference 2004 91, Royal Economic Society.
  12. Hirte, Georg & Brunow, Stephan, 2008. "The age pattern of human capital and regional productivity," Dresden Discussion Paper Series in Economics 01/08, Technische Universität Dresden, Faculty of Business and Economics, Department of Economics.
  13. Johannes Pöschl & Robert Stehrer & Roman Stöllinger, 2009. "Characteristics of exporting and non-exporting firms in Austria," FIW Research Reports series II-001, FIW.
  14. Raveh, Adi, 2000. "Co-plot: A graphic display method for geometrical representations of MCDM," European Journal of Operational Research, Elsevier, vol. 125(3), pages 670-678, September.
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