Alterung und technologisches Innovationspotential: Eine Linked-Employer-Employee-Analyse
No 2, IWH Discussion Papers from Halle Institute for Economic Research
Growth in advanced economies is essentially driven by innovation activities. From a demographic point of view the question rises, whether the trend of an ageing workforce will affect the innovation capacities of these economies. To answer this question, the paper examines on the basis of a German linked-employer-employee-dataset, whether an older workforce lowers a firm’s potential to generate product innovations. The empirical approach is based on an Ordered-logit regression model, relating a firm’s innovation potential to the age composition of its employees. The analysis provides evidence of significant age effects. The estimated age-innovation-profile follows an inverted-ushaped pattern, it peaks at the age of about 40 years. A separate estimation shows, that the technician’s and engineer’s age seems to be particularly relevant.
Keywords: innovation; aging; linked-employer-employee-analysis (search for similar items in EconPapers)
JEL-codes: J14 O31 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dcm and nep-ino
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Persistent link: http://EconPapers.repec.org/RePEc:iwh:dispap:2-07
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