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B. Mahlberg, I. Freund, A. Fürnkranz-Prskawetz:
"Ageing, Productivity and Wages in Austria: evidence from a matched employer-employee data set at the sector level";
Report for TU Wien, Working Papers in Economic Theory and Policy; Report No. Working Paper No. 02, 2011; 23 pages.

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.

ageing workforce, production function, age-productivity profile, age-wage pattern

http://publik.tuwien.ac.at/files/PubDat_196922.pdf