Download this Paper Open PDF in Browser

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

ECON Working Paper No. 02/2011

26 Pages Posted: 6 Feb 2012  

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

Date Written: April 15, 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.

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

JEL Classification: J14, J24, J82

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: https://ssrn.com/abstract=2000161 or http://dx.doi.org/10.2139/ssrn.2000161

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

Paper statistics

Downloads
23
Abstract Views
281