Mahlberg, Bernhard and Freund, Inga and Crespo Cuaresma, Jesus and Fürnkranz-Prskawetz, Alexia. 2013. Ageing, productivity and wages in Austria. Labour Economics 22, 5-15.
BibTeX
Abstract
Current demographic developments in industrialized countries and their consequences for workforce ageing challenge the sustainability of intergenerational transfers and economic growth. A shrinking share of the young workforce will have to support a growing share of elderly, non-working people. Therefore, the productivity of the workforce is central to a sustainable economic future. Using a new matched employer–employee panel dataset for Austrian firms for the period 2002–2005, we study the relationship between the age structure of employees, labour productivity and wages. These data allow us to account, simultaneously, for both socio-demographic characteristics of employees and firm heterogeneity, in order to explain labour productivity and earnings. Our results indicate that firm productivity is not negatively related to the share of older employees it employs. We also find no evidence for overpayment of older employees. Our results do not show any association between wages and the share of older employees. Furthermore, we find a negative relationship between the share of young employees and labour productivity as well as wages, which is more prevalent in the industry and construction sector.
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Status of publication | Published |
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Affiliation | WU |
Type of publication | Journal article |
Journal | Labour Economics |
Citation Index | SSCI |
WU Journalrating 2009 | A |
WU-Journal-Rating new | FIN-A, STRAT-B, VW-C, WH-B |
Language | English |
Title | Ageing, productivity and wages in Austria |
Volume | 22 |
Year | 2013 |
Page from | 5 |
Page to | 15 |
Reviewed? | Y |
URL | http://www.sciencedirect.com/science/article/pii/S0927537112001042 |
DOI | http://dx.doi.org/10.1016/j.labeco.2012.09.005 |
Associations
- People
- Mahlberg, Bernhard (Details)
- Crespo Cuaresma, Jesus (Details)
- Fürnkranz-Prskawetz, Alexia (Former researcher)
- External
- Freund, Inga (TU Wien, Austria)
- Organization
- Department of Economics (Crespo Cuaresma) (Details)
- Research Institute for Human Capital and Development FI (Former organization)