Are Older Workers Worthy of Their Pay? An Empirical Investigation of Age-Productivity and Age-Wage Nexuses

• Tipo: Artigo em Revista Científica Internacional
• Data: 2011

Autores

Ana R Rute Cardoso (Autor) Outra; Paulo Guimaraes (Autor) FEP; Jose Varejao (Autor) FEP

Revista

Título: De Economist

Vol. 159 Nº 2

Páginas: 95-111

ISSN: 0013-063X

Editora: Springer Nature

Indexação

ISI Web of Knowledge - 53 Citações

ISI Web of Science

Scopus - 60 Citações

Classificação Científica

CORDIS: Ciências Sociais > Economia > Economia do trabalho

FOS: Ciências sociais > Economia e gestão

Outras Informações

ID Authenticus: P-002-R4E

DOI: 10.1007/s10645-011-9163-8

Abstract (EN): Using longitudinal employer-employee data spanning over a 22-year period, we compare age-wage and age-productivity profiles and find that productivity increases until the age range of 50-54, whereas wages peak around the age 40-44. At younger ages, wages increase in line with productivity gains but as prime-age approaches, wage increases lag behind productivity gains. As a result, older workers are, in fact, worthy of their pay, in the sense that their contribution to firm-level productivity exceeds their contribution to the wage bill. On the methodological side, we note that failure to account for the endogenous nature of the regressors in the estimation of the wage and productivity equations biases the results towards a pattern consistent with underpayment followed by overpayment type of policies.

Idioma: Inglês

Tipo (Avaliação Docente): Científica

Nº de páginas: 17