Age and Productivity. Human Capital Accumulation and Depreciation

99 Pages Posted: 14 Nov 2013

See all articles by Anna Ruzik

Anna Ruzik

CASE - Center for Social and Economic Research

Maciej Lis

Warsaw School of Economics (SGH)

Monika Potoczna

University of Warsaw

Michele Belloni

University of Turin; Center for Research on Pensions and Welfare Policies (CeRP); Netspar

Claudia Villosio

LABORatorio R. Revelli, Centre for Employment Studies; R&P Ricerche e Progetti

Date Written: October 30, 2013

Abstract

This NEUJOBS research report focuses on links between age, productivity and lifelong learning. Various data sources (EU-SILC, LFS, Structure of Earnings Survey, SHARE, ELSA, SHARELIFE) and methodological approaches were used in this report. Our analysis identifies clusters of countries with common characteristics of age-earnings profiles (for certain groups of employees) and allows for an explanation of those differences. Some differences can be attributed to the share of sectors, education types, and occupations in country-specific employment. Others are due to labour market institutions and the (dis)incentives to work at older ages provided by social security systems. Additionally, the dynamics of earnings after age 50 differ less between educational and occupational groups than at earlier ages. We show that the dynamics of average wages are strongly influenced by the timing of entering and leaving labour market. An estimation of the impact of LLL on productivity (measured by earnings) at older ages shows that for employees aged 50, participation in training increases wages in the short-term.

Keywords: Productivity, Age-Earning Profiles, Lifelong Learning

JEL Classification: J24, J31

Suggested Citation

Ruzik, Anna and Lis, Maciej and Potoczna, Monika and Belloni, Michele and Villosio, Claudia, Age and Productivity. Human Capital Accumulation and Depreciation (October 30, 2013). Available at SSRN: https://ssrn.com/abstract=2354254 or http://dx.doi.org/10.2139/ssrn.2354254

Anna Ruzik (Contact Author)

CASE - Center for Social and Economic Research ( email )

Al. Jana Pawła II 61/212
00-944 Warsaw, 01-031
Poland

Maciej Lis

Warsaw School of Economics (SGH) ( email )

aleja Niepodleglosci 162
PL-Warsaw, 02-554
Poland

Monika Potoczna

University of Warsaw ( email )

Krakowskie Przedmiescie 26/28
Warszawa, Pl-00681
Poland

Michele Belloni

University of Turin ( email )

Lungo Dora Siena 100
Torino, 10153
Italy

Center for Research on Pensions and Welfare Policies (CeRP) ( email )

Via Real Collegio, 30
Moncalieri, Turin 10024
Italy

Netspar

P.O. Box 90153
Tilburg, 5000 LE
Netherlands

Claudia Villosio

LABORatorio R. Revelli, Centre for Employment Studies ( email )

Via Real Collegio 30
10024 Moncalieri
Italy
+39 011.670.50.63 (Phone)
+ 39 011 6705061 (Fax)

R&P Ricerche e Progetti ( email )

Via Bava 8
Torino 10124
Italy
011-888100 (Phone)

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