Age and Productivity – Sector Differences?

38 Pages Posted: 26 Oct 2011

See all articles by Christian Goebel

Christian Goebel

Catholic University of Louvain (UCL); ZEW – Leibniz Centre for European Economic Research

Thomas Zwick

Centre for European Economic Research (ZEW); University of Würzburg - Business Administration & Economics; Maastricht University - Research Centre for Education and the Labour Market (ROA)

Date Written: October 26, 2011

Abstract

In most industrialised countries, the workforce is ageing rapidly. If ageing workforces affect sectors differently, the total impact of ageing will depend on the industrial structure of an economy. This paper measures the impact of changes in the age structure of establishments on productivity using representative linked employeremployee panel data. We argue that establishment age-productivity profiles might differ for various reasons. For example, the importance of physical strength and possibilities to compensate deficits in skills differ between sectors. We investigate differences in the age-productivity profiles between the (metal) manufacturing and services sectors. However, in our preferred specification that controls for several potential sources of estimation biases, we find no significant differences in the ageproductivity profiles between these sectors.

Keywords: ageing workforce, age, productivity, linked employer employee data, sectors

JEL Classification: J11, J14, J21

Suggested Citation

Goebel, Christian and Goebel, Christian and Zwick, Thomas and Zwick, Thomas, Age and Productivity – Sector Differences? (October 26, 2011). ZEW - Centre for European Economic Research Discussion Paper No. 11-058, Available at SSRN: https://ssrn.com/abstract=1949643 or http://dx.doi.org/10.2139/ssrn.1949643

Christian Goebel (Contact Author)

ZEW – Leibniz Centre for European Economic Research ( email )

P.O. Box 10 34 43
L 7,1
D-68034 Mannheim, 68034
Germany

Catholic University of Louvain (UCL) ( email )

Place Montesquieu, 3
Louvain-la-Neuve, 1348
Belgium

HOME PAGE: http://homepages.econ.ucl.ac.be/goebel/

Thomas Zwick

Centre for European Economic Research (ZEW) ( email )

P.O. Box 10 34 43
L 7,1 D-68161 Mannheim
Germany

University of Würzburg - Business Administration & Economics ( email )

Sanderring 2
Wuerzburg, D-97070
Germany

Maastricht University - Research Centre for Education and the Labour Market (ROA) ( email )

P.O. Box 616
Maastricht, MD6200
Netherlands

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