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Ageing, productivity and wages in Austria: sector level evidence

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Listed author(s):
  • Bernhard Mahlberg

    ()

  • Inga Freund
  • Alexia Prskawetz

Abstract

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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Keywords: Ageing workforce; Production function; Age-productivity profile; Age-wage pattern; J14; J24; J82;

Find related papers by JEL classification:

  • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
  • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
  • J82 - Labor and Demographic Economics - - Labor Standards - - - Labor Force Composition

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  1. Benoit Dostie, 2011. "Wages, Productivity and Aging," De Economist, Springer, vol. 159(2), pages 139-158, June.
  2. 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.
  3. Jacob A. Mincer, 1974. "Introduction to "Schooling, Experience, and Earnings"," NBER Chapters,in: Schooling, Experience, and Earnings, pages 1-4 National Bureau of Economic Research, Inc.
  4. 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.
  5. 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.
  6. O'Mahony, Mary & Robinson, Catherine & Vecchi, Michela, 2008. "The impact of ICT on the demand for skilled labour: A cross-country comparison," Labour Economics, Elsevier, vol. 15(6), pages 1435-1450, December.
  7. 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.
  8. Jacob A. Mincer, 1974. "Schooling, Experience, and Earnings," NBER Books, National Bureau of Economic Research, Inc, number minc74-1.
  9. 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.
  10. 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.
  11. Lazear, Edward P, 1979. "Why Is There Mandatory Retirement?," Journal of Political Economy, University of Chicago Press, vol. 87(6), pages 1261-1284, December.
  12. 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.
  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. 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).
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Cited by:

  1. Rycx, Francois & Saks, Yves & Tojerow, Ilan, 2016. "Misalignment of Productivity and Wages across Regions? Evidence from Belgian Matched Panel Data," IZA Discussion Papers 10336, Institute for the Study of Labor (IZA).
  2. Kampelmann, Stephan & Mahy, Benoît & Rycx, Francois & Vermeylen, Guillaume, 2016. "Who Is Your Perfect Match? Educational Norms, Educational Mismatch and Firm Profitability," IZA Discussion Papers 10399, Institute for the Study of Labor (IZA).
  3. François Rycx & Yves Saks & Ilan Tojerow, 2015. "Does Education Raise Productivity and Wages Equally ?The Moderating Roles of Age, Gender and Industry," Working Papers CEB 15-017, ULB -- Universite Libre de Bruxelles.
  4. Rycx, Francois & Saks, Yves & Tojerow, Ilan, 2015. "Does Education Raise Productivity and Wages Equally? The Moderating Roles of Age, Gender and Industry," IZA Discussion Papers 9043, Institute for the Study of Labor (IZA).
  5. Garloff, Alfred & Wapler, Rüdiger, 2016. "Labour shortages and replacement demand in Germany : the (non)-consequences of demographic change," IAB Discussion Paper 201605, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
  6. Aisa, Rosa & Larramona, Gemma & Pueyo, Fernando, 2015. "Active aging, preventive health and dependency: Heterogeneous workers, differential behavior," Journal of Economic Behavior & Organization, Elsevier, vol. 117(C), pages 1-9.
  7. Giuliano, Romina & Kampelmann, Stephan & Mahy, Benoît & Rycx, Francois, 2017. "Short Notice, Big Difference? The Effect of Temporary Employment on Firm Competitiveness across Sectors," IZA Discussion Papers 10579, Institute for the Study of Labor (IZA).
  8. Crespo Cuaresma, Jesus & Loichinger, Elke & Vincelette, Gallina A., 2016. "Aging and income convergence in Europe: A survey of the literature and insights from a demographic projection exercise," Economic Systems, Elsevier, vol. 40(1), pages 4-17.
  9. N. N., 2015. "WIFO-Monatsberichte, issue 11/2015," WIFO Monatsberichte (monthly reports), WIFO, vol. 88(11), November.
  10. Romina R. Giuliano & Stephan Kampelmann & Benoît Mahy & François Rycx, 2017. "Short notice, big difference? The effect of temporary employment on firm competitiveness across sectors," Working Papers CEB 17-008, ULB -- Universite Libre de Bruxelles.
  11. Peters, Cornelius, 2015. "Do age complementarities affect labour productivity? Evidence from German firm level data," Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 112941, Verein für Socialpolitik / German Economic Association.
  12. Garloff, Alfred & Wapler, Rüdiger, 2016. "Labour Shortages and Replacement Demand in Germany. The (Non-)Consequences of Demographic Change," Annual Conference 2016 (Augsburg): Demographic Change 145497, Verein für Socialpolitik / German Economic Association.
  13. Martin Falk & Werner Hölzl & Harald Oberhofer, 2015. "The Importance of Firm-Level Data for Empirical Research and Economic Policy Consulting," WIFO Monatsberichte (monthly reports), WIFO, vol. 88(11), pages 845-857, November.

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