Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/67608
Authors: 
Mahlberg, Bernhard
Freund, Inga
Prskawetz, Alexia
Year of Publication: 
2011
Series/Report no.: 
ECON WPS - Vienna University of Technology Working Papers in Economic Theory and Policy 02/2011
Abstract: 
In this paper we analyse the link between the age structure of the labour force and average labour productivity at the intermediate level of economic sectors. The analysis is based on a panel data set ranging over six years (2002-2007) and 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, while 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.
Subjects: 
ageing workforce
production function
age-productivity profile
age-wage pattern
JEL: 
J14
J24
J82
Document Type: 
Working Paper

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