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dc.contributor.authorDaveri, Francescoen_US
dc.contributor.authorMaliranta, Mikaen_US
dc.date.accessioned2012-09-21T11:01:12Z-
dc.date.available2012-09-21T11:01:12Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/63863-
dc.description.abstractIs the process of workforce aging a burden or a blessing for the firm? Our paper seeks to answer this question by providing evidence on the age-productivity and age-earnings profiles for a sample of plants in three manufacturing industries (“forest”, “industrial machinery” and “electronics”) in Finland. Our main result is that exposure to rapid technological and managerial changes does make a difference for plant productivity, less so for wages. In electronics, the Finnish industry undergoing a major technological and managerial shock in the 1990s, the response of productivity to age-related variables is first sizably positive and then becomes sizably negative as one looks at plants with higher average seniority and experience. This declining part of the curve is not there either for the forest industry or for industrial machinery. It is not there either for wages in electronics. These conclusions survive when a host of other plausible productivity determinants (notably, education and plant vintage) are included in the analysis. We conclude that workforce aging may be a burden for firms in high-tech industries and less so in other industries.en_US
dc.language.isoengen_US
dc.publisherThe Research Institute of the Finnish Economy (ETLA) Helsinkien_US
dc.relation.ispartofseriesETLA Discussion Papers, The Research Institute of the Finnish Economy (ETLA) 1010en_US
dc.subject.jelD24en_US
dc.subject.jelJ24en_US
dc.subject.jelJ31en_US
dc.subject.jelE60en_US
dc.subject.ddc330en_US
dc.subject.keywordAging, technology, TFP, wage determination, Finland, new economy, growthen_US
dc.subject.stwHumankapitalen_US
dc.subject.stwLohnen_US
dc.subject.stwProduktivitäten_US
dc.subject.stwHochtechnologiesektoren_US
dc.subject.stwFinnlanden_US
dc.subject.stwAlternde Bevölkerungen_US
dc.titleAge, technology and labour costsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn510400000en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:ETLA Discussion Papers, Research Institute of the Finnish Economy (ETLA)

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