Abstract

http://ssrn.com/abstract=2000161
 
 

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Ageing, Productivity and Wages in Austria: Evidence from a Matched Employer-Employee Data Set at the Sector Level


Bernhard Mahlberg


Institute for Industrial Research (IWI); Vienna University of Economics and Busines- Institute for Export Management

Inga Freund


Austrian Academy of Sciences - Vienna Institute of Demography

Alexia Prskawetz


Austrian Academy of Sciences - Vienna Institute of Demography

April 15, 2011

ECON Working Paper No. 02/2011

Abstract:     
In this paper we analyze the link between the age structure of the labor force and average labor 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.

Number of Pages in PDF File: 26

Keywords: ageing workforce, production function, age-productivity profile, age-wage pattern

JEL Classification: J14, J24, J82

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Date posted: February 6, 2012  

Suggested Citation

Mahlberg, Bernhard and Freund, Inga and Prskawetz, Alexia, Ageing, Productivity and Wages in Austria: Evidence from a Matched Employer-Employee Data Set at the Sector Level (April 15, 2011). ECON Working Paper No. 02/2011. Available at SSRN: http://ssrn.com/abstract=2000161 or http://dx.doi.org/10.2139/ssrn.2000161

Contact Information

Bernhard Mahlberg (Contact Author)
Institute for Industrial Research (IWI) ( email )
Mittersteig 10/4
Vienna, 1050
Austria
+43 1 513 44 11 0 (Phone)
+43 1 513 44 11 2099 (Fax)
HOME PAGE: http://www.iwi.ac.at/
Vienna University of Economics and Busines- Institute for Export Management ( email )
Welthandelsplatz 1
Building D1, 5th floor
Vienna, 1020
Austria
+43 1 313 36 - 4371 (Phone)
HOME PAGE: http://www.wu.ac.at/auha/auha
Inga Freund
Austrian Academy of Sciences - Vienna Institute of Demography ( email )
Prinz Eugenstr. 8-10
Vienna, 1040
Austria
Alexia Fürnkranz-Prskawetz
Austrian Academy of Sciences - Vienna Institute of Demography ( email )
Prinz Eugenstr. 8-10
Vienna, 1040
Austria
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