The Age-Productivity Gradient: Evidence from a Sample of F1 Drivers

30 Pages Posted: 14 Jul 2009 Last revised: 15 Nov 2012

See all articles by Fabrizio Castellucci

Fabrizio Castellucci

INSEAD; Independent

Mario Padula

University "Ca' Foscari" of Venice; CSEF

Giovanni Pica

Idep, facoltà di economia; University of Milan - Department of Economics, Management and Quantitative Methods (DEMM); University of Milan - Centro Studi Luca d'Agliano (LdA); University of Naples Federico II - CSEF - Center for Studies in Economics and Finance

Date Written: July 9, 2009

Abstract

Estimating the effect of aging on productivity is a daunting task. First, it requires clean measures of productivity. Second, unobserved heterogeneity at the worker, firm and worker/firm level challenges the identification of the age-productivity gradient in cross-sectional data. Third, in longitudinal data the study of the age-productivity link requires to partial out the role of experience and to account for selection bias. We tackle these issues by focusing on a panel of Gran Prix Formula One drivers and show that the age-productivity link has an inverted U-shape profile, with a peak at around the age of 30-32.

Keywords: Aging, individual effects, firm effects, match effects, Formula One

JEL Classification: J24, C23, L83

Suggested Citation

Castellucci, Fabrizio and Padula, Mario and Pica, Giovanni, The Age-Productivity Gradient: Evidence from a Sample of F1 Drivers (July 9, 2009). Labour Economics, Vol. 18, No. 4, 2011; CSEF Working Papers 226. Available at SSRN: https://ssrn.com/abstract=1433867 or http://dx.doi.org/10.2139/ssrn.1433867

Fabrizio Castellucci

INSEAD ( email )

Boulevard de Constance
Fontainebleau 77305
France

Independent

No Address Available

Mario Padula

University "Ca' Foscari" of Venice ( email )

Dorsoduro 3246
Venice, Veneto 30123
Italy
+390412349181 (Phone)
+390412349176 (Fax)

CSEF

Via Don Melillo I
Fisciano, Salerno, 84084
Italy

Giovanni Pica (Contact Author)

Idep, facoltà di economia ( email )

Via Giuseppe Buffi 13
Lugano, TN Ticino 6900
Switzerland
+41586664784 (Phone)

University of Milan - Department of Economics, Management and Quantitative Methods (DEMM) ( email )

Via Conservatorio, 7
Milan, 20122
Italy

University of Milan - Centro Studi Luca d'Agliano (LdA) ( email )

Via P. Amedeo 34
Milano, Mi 20122
Italy

University of Naples Federico II - CSEF - Center for Studies in Economics and Finance ( email )

Via Cintia
Complesso Monte S. Angelo
Naples, Naples 80126
Italy

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