Can older workers stay productive? The role of ICT skills and training

Jong-Wha Lee, Do Won Kwak () and Eunbi Song

Journal of Asian Economics, 2022, vol. 79, issue C

Abstract: This paper quantitatively examines the effects of aging on labor productivity using individual worker data in Korea. We find that information and communications technology (ICT) skills and participation in job-related training can help older workers stay productive. The estimation results present that ICT skills, a measure incorporating an individual’s proficiency in ICT skills and their utilization in the workplace, has a positive effect on the wages of the older workers aged 50–64 with a high level of education or in a skill-intensive occupation. Job training also has a significant positive effect on the wages of older workers. These results imply that compared to younger workers, well-educated older workers can obtain greater productivity increase through ICT skill attainment and their adequate use, and job-training. The evidence suggests that a productivity decrease in line with the aging process can be mitigated by training aging workers to equip themselves with ICT skills.

Keywords: Aging; Education; Information and communications technology; Productivity; Skill; Training (search for similar items in EconPapers)
JEL-codes: J14 J24 J31 O47 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:asieco:v:79:y:2022:i:c:s1049007821001664

DOI: 10.1016/j.asieco.2021.101438

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