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Lodz Economics Working Papers

From University of Lodz, Faculty of Economics and Sociology
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8/2018: This study aims to analyse the relationship between a workforce’s age structure and wages. Specifically, we aim to discover whether a relationship exists between the ageing workforce as observed in a majority of European countries and average wages. Economic theory posits that to some extent, the sign of this relationship may depend on the occupational group. We suppose that in those occupational groups that require constant investment in human capital, skills and experience increase with age, and therefore, wages should increase. Consequently, in groups in which formal qualifications are not as important as physical strength, productivity decreases with age, also causing a decrease in wages. We confirm this hypothesis by using the Structure of Earnings Survey, which is collected every four years for European Union (EU) countries. We analyse the mean hourly wages across 9 major occupational groups in 27 EU economies for the period 2002–2014. Our primary variable of interest is the share of employed workers aged 50 years or older (hereafter, ‘50+’) in a given occupational group. We also control for other available variables that may be important in the evolution of wages: the educational level, share of female workers, share of part-time workers, and the level of competition between employers. The results confirm a significant relationship between the share of elderly workers and the average wages. The sign of this relationship is negative; thus, a high share of employed workers aged 50+ results in lower average wages. However, this relationship differed across occupational groups and over time Downloads
Aleksandra Majchrowska and Paulina Broniatowska
7/2018: Measuring the Natural Rates of Interest in Germany and Italy Downloads
Victor Bystrov
6/2018: Measuring Uncertainty of Optimal Simple Monetary Policy Rules in DSGE models Downloads
Mariusz Górajski and Zbigniew Kuchta
5/2018: Demand and Supply Shock Symmetry across Polish Voievodships Downloads
Pawe³ Gajewski
4/2018: Constructing Joint Confidence Bands for Impulse Response Functions of VAR Models - A Review Downloads
Helmut Lütkepohl, Anna Staszewska-Bystrova and Peter Winker
3/2018: Stock and Flows in the Countegration Context Downloads
Micha³ Majsterek
1/2018: Skewness-Adjusted Bootstrap Confidence Intervals and Confidence Bands for Impulse Response Functions Downloads
Daniel Grabowski, Anna Staszewska-Bystrova and Peter Winker
9/2017: Improved asymptotic analysis of Gaussian QML estimators in spatial models Downloads
Jakub Olejnik and Alicja Olejnik
8/2017: Regional effectiveness of innovation – leaders and followers of the EU NUTS 0 and NUTS 2 regions Downloads
Agata Zoltaszek and Alicja Olejnik
7/2017: The Heterogeneity of Convergence in Transition Countries Downloads
Mateusz Pipieñ and Sylwia Roszkowska
6/2017: Economic integration and export complexity: the case of Slovakia Downloads
Piotr Gabrielczak and Tomasz Serwach
5/2017: Patterns of regional inflation persistence in a CEE country. The case of Poland Downloads
Pawel Gajewski
4/2017: Does the euro increase the complexity of exported goods? The case of Estonia Downloads
Piotr Gabrielczak and Tomasz Serwach
3/2017: The impact of the euro adoption on the complexity of goods in Slovenian exports Downloads
Piotr Gabrielczak and Tomasz Serwach
2/2017: Fiscal sustainability of the Visegrad Group countries in the aftermath of global economic crisis Downloads
Przemysław Włodarczyk
1/2017: What drives export performance of firms in Eastern and Western Poland? Downloads
Pawel Gajewski and Grzegorz Tchorek
9/2016: Institutions Without Culture. A Critique of Acemoglu and Robinson's Theory of Economic Development Downloads
Joanna Dzionek-Kozłowska and Rafal Matera
8/2016: The foreign currency mortgage loans in the Polish banking sector and its possible macroeconomic and political consequences Downloads
Krzysztof Czerkas
7/2016: Firm-level productivity and international expansion of firms from the Lodz Voivodeship Downloads
Piotr Gabrielczak and Tomasz Serwach
6/2016: Spatial econometric approach to western diseases modelling Downloads
Alicja Olejnik and Agata Zoltaszek
5/2016: Sources of Regional Inflation in Poland Downloads
Pawel Gajewski
4/2016: Economic Development and the Spread of Diseases of Affluence in EU Regions Downloads
Agata Zoltaszek and Alicja Olejnik
3/2016: Tale of two cities. A comparative study of relationship between education and economic prosperity Downloads
Sharaf Rehman and Joanna Dzionek-Kozłowska
2/2016: Heterogeneity of households and the effects of fiscal policy in CEE countries Downloads
Piotr Krajewski
1/2016: Robust monetary policy in a linear model of the polish economy: is the uncertainty in the model responsible for the interest rate smoothing effect? Downloads
Mariusz Górajski
6/2015: Changes in nominal rigidities in Poland – a regime switching DSGE perspective Downloads
Pawel Baranowski and Zbigniew Kuchta
5/2015: Alfred Marshall's Puzzles. Between Economics as a Positive Science and Economic Chivalry Downloads
Joanna Dzionek-Kozłowska
4/2015: Minimum wage and youth unemployment in local labor markets in Poland Downloads
Paulina Broniatowska, Aleksandra Majchrowska and Zbigniew Zolkiewski
3/2015: Gender wage gap by occupational groups in Poland Downloads
Aleksandra Majchrowska, Pawel Strawinski, Karolina Konopczak and Agnieszka Skierska
2/2015: Credible enough? Forward guidance and per-ceived National Bank of Poland’s policy rule Downloads
Pawel Baranowski and Pawel Gajewski
1/2015: Does minimum wage reduce youth employment on regional labour markets in Poland? Downloads
Paulina Broniatowska, Aleksandra Majchrowska and Zbigniew ¯ó³kiewski
5/2014: Economics in Times of Crisis. In Search of a New Paradigm Downloads
Joanna Dzionek-Kozłowska
4/2014: Sovereign spreads and financial market behavior before and during the crisis Downloads
Pawel Gajewski
3/2014: Innovation and Economic Growth in European Union. Panel Data Analysis Downloads
Andrzej Kacprzyk and Wirginia Doryń
2/2014: Monetary policy stress in EMU during the moderation and the global crisis Downloads
Pawel Gajewski
1/2014: Optimal Goodwill Model with Consumer Recommendations and Market Segmentation Downloads
Dominika Bogusz and Mariusz Górajski
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