Will you still need me when I'm 64?
van Ours,J.C.
van Ours,J.C.
Abstract
For various reasons the relationship between age and productivity is a matter of policy concern. I present new empirical research showing how productivity is affected by age. I study age effects at the individual level by analyzing data on running and publishing in economic journals. Furthermore I present empirical evidence at the firm level on the relationship between age, wage and productivity. In particular I address the potential wage-productivity gap that might occur at higher ages. I conclude that the productivity of older workers indeed decreases with their age. Nevertheless, the decline is limited. Furthermore, I find no evidence of a pay-productivity gap at higher ages.
Description
Appeared earlier as CentER DP 2009-51
Date
2009
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Citation
van Ours, J C 2009, 'Will you still need me when I'm 64?', Economist-Netherlands, vol. 157, no. 4, pp. 441-460.