Ageing, productivity and wages in Austria: Evidence from a matched employer-employee data set at the sector level

Bernhard Mahlberg, Inga Freund and Alexia Fürnkranz-Prskawetz

No 02/2011, ECON WPS - Working Papers in Economic Theory and Policy from TU Wien, Institute of Statistics and Mathematical Methods in Economics, Economics Research Unit

Abstract: In this paper we analyse the link between the age structure of the labour force and average labour 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 (search for similar items in EconPapers)
JEL-codes: J14 J24 J82 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:tuweco:022011

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