Working Papers, Department of Economics, Aarhus School of Business, University of Aarhus
Christian Grund and Niels Westergård-Nielsen
Age Structure of the Workforce and Firm Performance.
Abstract: In this contribution, we examine the interrelation between
corporate age structures and firm performance. In particular, we address
the issues, whether firms with young rather than older employees are
successful and whether firms with homogeneous or heterogeneous workforces
are doing well. Several theoretical approaches are discussed with respect
to these questions and divergent hypotheses are derived. Using Danish
linked employer-employee data, we find that both mean age and dispersion of
age in firms are inversely u-shaped related to firm performance.
Keywords: Firm performance; Corporate age structures; Demographic change; (follow links to similar papers)
JEL-Codes: J21; L25; M54; (follow links to similar papers)
25 pages, January 1, 2005
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