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Age Structure of the Workforce and Firm Performance

  • Grund, Christian

    (Department of Business and Economics)

  • Westergård-Nielsen, Niels


    (Department of Economics, Aarhus School of Business)

In this contribution, we examine the interrelation between corporate age structures and firm performance. In particular, we address the issues, whether firms with young rather than older employees are successful and whether firms with homogeneous or heterogeneous workforces are doing well. Several theoretical approaches are discussed with respect to these questions and divergent hypotheses are derived. Using Danish linked employer-employee data, we find that both mean age and dispersion of age in firms are inversely u-shaped related to firm performance.

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Paper provided by University of Aarhus, Aarhus School of Business, Department of Economics in its series Working Papers with number 05-10.

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Length: 25 pages
Date of creation: 01 Jan 2005
Date of revision:
Handle: RePEc:hhs:aareco:2005_010
Contact details of provider: Postal: The Aarhus School of Business, Prismet, Silkeborgvej 2, DK 8000 Aarhus C, Denmark
Phone: +45 89 486396
Fax: +45 8615 5175
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  1. Edward P. Lazear & Sherwin Rosen, 1979. "Rank-Order Tournaments as Optimum Labor Contracts," NBER Working Papers 0401, National Bureau of Economic Research, Inc.
  2. repec:tpr:qjecon:v:101:y:1986:i:1:p:33-49 is not listed on IDEAS
  3. repec:tpr:qjecon:v:92:y:1978:i:2:p:261-78 is not listed on IDEAS
  4. Fama, Eugene F, 1980. "Agency Problems and the Theory of the Firm," Journal of Political Economy, University of Chicago Press, vol. 88(2), pages 288-307, April.
  5. Gary S. Becker, 1962. "Investment in Human Capital: A Theoretical Analysis," Journal of Political Economy, University of Chicago Press, vol. 70, pages 9.
  6. Bengt Holmstrom, 1999. "Managerial Incentive Problems: A Dynamic Perspective," NBER Working Papers 6875, National Bureau of Economic Research, Inc.
  7. repec:tpr:qjecon:v:90:y:1976:i:4:p:599-617 is not listed on IDEAS
  8. Lazear, Edward P, 1979. "Why Is There Mandatory Retirement?," Journal of Political Economy, University of Chicago Press, vol. 87(6), pages 1261-84, December.
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