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Does productivity decline with age? Does population aging harm economic growth? We exploit process-generated data from a large and typical service-sector company. We find no decline in average productivity in the age range of 20–60. This result is precisely measured. Our innovative identification strategy corrects for sample selection, endogeneity of age composition and age-cohort confounding. Our big data are essential to extract the signal from the noise that has marred many previous studies. While average productivity stays flat, we find variation according to task complexity. Productivity increases with age in teams with more demanding tasks and decreases in routine tasks.
Big Data at Work
(2021)
Does productivity decline with age? Does population aging harm economic growth? We exploit process-generated data from a large and typical service-sector company. We find no decline in average productivity in the age range of 20-60. This result is precisely measured. Our innovative identification strategy corrects for sample selection, endogeneity of age composition and age-cohort confounding. Our big data are essential to extract the signal from the noise that has marred many previous studies. While average productivity stays flat, we find variation according to task complexity. Productivity increases with age in teams with more demanding tasks and decreases in routine tasks.
How to deliver adequate pension benefits at reasonable costs is a huge challenge confronting our ageing societies. This book delivers a comprehensive overview of the latest insights into pension finance, pension system design, pension governance and risk based supervision. It combines state-of-the-art analyses with innovative policy proposals to increase the efficiency and resilience of pension systems and to advance these systems’ contribution to global financial stability. Renowned pension experts offer cutting-edge guidance for future decision making and the development of best practices. This exciting exploration of the frontiers in pension finance highlights key aspects of securing long term retirement provisions.
Altern und Produktivität
(2006)
Der Zusammenhang zwischen Alter und Leistungsfähigkeit von Beschäftigten wird in den verschiedensten Disziplinen untersucht - mit zum Teil recht unterschiedlichen Ergebnissen. Dieser Beitrag gibt einen Überblick über die Literatur und diskutiert die Notwendigkeit einer neuen Sicht der Produktivitätsmessung. Bisherige Studien beschäftigen sich mit der Messung der individuellen Produktivität. In einer modernen arbeitsteiligen Gesellschaft realisiert sich die Arbeitsproduktivität allerdings weniger in der Einzelperson als vielmehr im Zusammenwirken von jüngeren (innovativen, flexiblen?) und älteren (erfahrenen?) Mitarbeitern.
Altern und Produktivität
(2009)