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

36 Pages Posted: 1 Sep 2009

See all articles by Fabrizio Castellucci

Fabrizio Castellucci

Bocconi University - Department of Management and Technology

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

Mario Padula

University "Ca' Foscari" of Venice; CSEF

Date Written: August, 31 2009

Abstract

Estimating the effect of aging on productivity is a daunting task. First, it requires clean measures of productivity. Second, unobserved heterogeneity at workers, firms and workers/firms level challenges the identification of the age-productivity gradient in cross-sectional data. Finally, the study of the age-productivity link requires to partial out the role of experience and to account for the selection bias that arises if less able people drop out faster than more able ones. We tackle these issues by focussing 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 Pica, Giovanni and Padula, Mario, The Age-Productivity Gradient: Evidence from a Sample of F1 Drivers (August, 31 2009). University Ca' Foscari of Venice, Dept. of Economics Research Paper Series No. 16_09. Available at SSRN: https://ssrn.com/abstract=1464645 or http://dx.doi.org/10.2139/ssrn.1464645

Fabrizio Castellucci (Contact Author)

Bocconi University - Department of Management and Technology ( email )

Via Roentgen 1
Milan, MI 20136
Italy

Giovanni Pica

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

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

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