Will You Still Need Me - When I'm 64?
CentER Discussion Paper Series No. 2009-51
27 Pages Posted: 30 Jun 2009
Date Written: June 30, 2009
For various reasons the relationship between age and productivity is a matter of policy concern. I present new empirical research showing how productivity is affected by age. I study age effects at the individual level by analyzing data on running and publishing in economic journals. Furthermore I present empirical evidence at the firm level on the relationship between age, wage and productivity. In particular I address the potential wage-productivity gap that might occur at higher ages. I conclude that the productivity of older workers indeed decreases with their age. Nevertheless, the decline is limited. Furthermore, I find no evidence of a pay-productivity at higher ages.
Keywords: Age, Productivity, Matched worker-firm data
JEL Classification: J14, J24, J31
Suggested Citation: Suggested Citation