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dc.contributor.authorIlmakunnas, Pekka
dc.contributor.authorMaliranta, Mika
dc.date.accessioned2018-03-21T12:51:53Z
dc.date.available2018-03-21T12:51:53Z
dc.date.issued2016
dc.identifier.citationIlmakunnas, P., & Maliranta, M. (2016). How does the age structure of worker flows affect firm performance?. <em>Journal of Productivity Analysis</em>, 46 (1), 43-62. <a href="https://doi.org/10.1007/s11123-016-0471-5">doi:10.1007/s11123-016-0471-5</a>
dc.identifier.otherTUTKAID_70645
dc.identifier.urihttps://jyx.jyu.fi/handle/123456789/57370
dc.description.abstractWe develop a method for decomposing firm performance to impacts coming from the inflows and outflows of workers and apply it to study whether older workers are costly to firms. Our estimation equations are derived from a variant of the decomposition methods frequently used for measuring micro-level sources of industry productivity growth. By using comprehensive linked employer–employee data, we study the productivity and wage effects, and hence the profitability effects, of the hiring and separation of younger and older workers. The evidence shows that the separations of older workers are profitable to firms, especially in the manufacturing ICT-industries. To account for the correlation of the worker flows and productivity shocks we first estimate the shocks from a production function using materials as a proxy variable. In the second step the estimated shock is used as a control variable in our productivity, wage, and profitability equations.
dc.language.isoeng
dc.publisherSpringer New York LLC
dc.relation.ispartofseriesJournal of Productivity Analysis
dc.subject.otheraging
dc.subject.otherproductivity
dc.subject.otherwage profits
dc.subject.otherhiring
dc.subject.otherseparation
dc.subject.otheremployer-employee data
dc.titleHow does the age structure of worker flows affect firm performance?
dc.typearticle
dc.identifier.urnURN:NBN:fi:jyu-201803191765
dc.contributor.laitosKauppakorkeakoulufi
dc.contributor.laitosSchool of Business and Economicsen
dc.contributor.oppiaineTaloustiede
dc.type.urihttp://purl.org/eprint/type/JournalArticle
dc.date.updated2018-03-19T13:15:17Z
dc.description.reviewstatuspeerReviewed
dc.format.pagerange43-62
dc.relation.issn0895-562X
dc.relation.volume46
dc.type.versionacceptedVersion
dc.rights.copyright© Springer Science+Business Media New York 2016. This is a final draft version of an article whose final and definitive form has been published by Springer. Published in this repository with the kind permission of the publisher.
dc.rights.accesslevelopenAccessfi
dc.relation.doi10.1007/s11123-016-0471-5


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