Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/27702
Authors: 
Göbel, Christian
Zwick, Thomas
Year of Publication: 
2009
Series/Report no.: 
ZEW Discussion Papers 09-020
Abstract: 
In most Western, industrialised countries the workforce is ageing rapidly. In order to assess the possible consequences of an ageing workforce, this paper measures the impact of changes in the age structure of establishments on productivity using representative linked employer-employee panel data. We take into account that the levels as well as the changes in the age structure of establishments and their production are likely to be simultaneously determined and apply dynamic GMM methods. We find that establishment productivity increases with the share of employees until the age of 50-55 and only decreases slightly afterwards. Our findings suggest that previous estimations are biased because they either do not take into account endogeneity, time dependencies, or crucial information correlated with age shares and productivity. Large standard deviations point to important variation in the age productivity profile among establishments.
Subjects: 
ageing workforce
age
productivity
LEED
system GMM
JEL: 
J11
J14
J21
Document Type: 
Working Paper

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