S-WoPEc
 
Scandinavian Working Papers in Economics
HomeAboutSeriesSubject/JEL codesAdvanced Search
Institutet för Framtidsstudier - Institute for Futures Studies Arbetsrapport, Institutet för Framtidsstudier - Institute for Futures Studies

No 2005:17:
Productivity consequences of workforce ageing - Stagnation or a Horndal effect?

Bo Malmberg (), Thomas Lindh () and Max Halvarsson

Abstract: Data linking the production of value-added at the plant level to the individual employees provide an opportunity to deepen the understanding of how the labor force composition relates to productivity performance. In view of the anticipated aging of the workforce in industrialised economies a body of research has emerged that indicate that individual productivity has a more pronounced hump-shape than the wage profile. This paper studies these issues by examining the composition of the workforce at the plant level in relation to the productivity performance of the plants. Our data cover the Swedish mining and manufacturing industries 1985-1996. The fact that older workers selectively work with older capital may have biased results found in the literature. Endogeneity of workforce composition poses serious estimation problems, but our attempts to cope with these problems tend to indicate that biases in general go in the direction that productivity of the young is overestimated and the productivity of the old is underestimated.

Keywords: workforce ageing; productivity growth; (follow links to similar papers)

JEL-Codes: J10; J21; J24; (follow links to similar papers)

43 pages, December 12, 2005

ISSN 1652-120X ISBN 91-89655-75-3

Before downloading any of the electronic versions below you should read our statement on copyright.
Download GhostScript for viewing Postscript files and the Acrobat Reader for viewing and printing pdf files.

Full text versions of the paper:

20051201135140filZ2YlJ37v394UPNoN7AU8.pdf    PDF-file
Download Statistics

Questions (including download problems) about the papers in this series should be directed to Erika Karlsson ()
Report other problems with accessing this service to Sune Karlsson () or Helena Lundin ().

Programing by
Design by Joachim Ekebom

Handle: RePEc:hhs:ifswps:2005_017 This page was generated on 2016-04-14 21:03:07