Can Older Workers Stay Productive? The Role of ICT Skills and Training

44 Pages Posted: 7 Jan 2021

See all articles by Jong-Wha Lee

Jong-Wha Lee

Korea University

Do Won Kwak

Korea University

Eunbi Song

Korea University

Date Written: January 7, 2021

Abstract

This paper quantitatively examines the effects of aging on labor productivity using individual worker data in Korea. We find that attainment of information and communications technology (ICT) skills and participation in job-related training can help older workers stay productive. The estimation results present that ICT skills attainment has a positive effect on the wages of the older workers aged 50–64 with a high level of education or in a skill-intensive occupation. Job training also has a significant positive effect on the wages of older workers. Even compared to younger workers, older well-educated workers can be more productive through higher ICT skills attainment and job-training participation. The evidence suggests that a productivity decrease in line with the aging process can be mitigated by training aging workers to equip themselves with ICT skills.

Keywords: aging, education, information and communications technology, productivity, skill, training

JEL Classification: J14, J24, J31, O47

Suggested Citation

Lee, Jong-Wha and Kwak, Do Won and Song, Eunbi, Can Older Workers Stay Productive? The Role of ICT Skills and Training (January 7, 2021). CAMA Working Paper No. 4/2021, Available at SSRN: https://ssrn.com/abstract=3761501 or http://dx.doi.org/10.2139/ssrn.3761501

Jong-Wha Lee (Contact Author)

Korea University ( email )

Anam-dong, Sungbuk-Ku
Dept. of Economics
Seoul, 136-701
82-2-3290-2216 (Phone)
82-2-928-4948 (Fax)

Do Won Kwak

Korea University ( email )

145 Anam-ro, Sungbuk-gu
Division of International Studies
Seoul, Seoul 02841
Korea, Republic of (South Korea)

Eunbi Song

Korea University ( email )

1 Anam-dong 5 ka
Seoul, 136-701
Korea, Republic of (South Korea)

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