Are older workers good for business?

Are older workers good for business?

Collection:
Health Policy and Services Research
Series Title(s):
CRR WP
Author(s):
Quinby, Laura D., author
Wettstein, Gal, author
Giles, James, (Of Center for Retirement Research at Boston College), author
Contributor(s):
Boston College. Center for Retirement Research, issuing body.
Publication:
Chestnut Hill, MA : Center for Retirement Research at Boston College, November 2023
Language(s):
English
Format:
Text
Subject(s):
Aged
Efficiency
Employment
Industry -- economics
Middle Aged
United States
Genre(s):
Technical Report
Abstract:
The U.S. workforce is aging, which has raised concerns about the implications of older workers for businesses and the economy. However, little research has been conducted on the quantitative value of older workers in recent years. This paper attempts to fill that gap by linking employee and employer data from the U.S. Census Bureau’s Longitudinal Employer-Household Dynamics, Longitudinal Business Database, and Business Register. The analysis finds that in general, older workers are as productive as younger workers, however they do earn higher wages. Furthermore, the relationship between the share of older workers, productivity, and profitability varies substantially by industry.
Copyright:
Reproduced with permission of the copyright holder. Further use of the material is subject to CC BY license. (More information)
Extent:
1 online resource (1 PDF file (19 pages))
Illustrations:
Illustrations
NLM Unique ID:
9918749985606676 (See catalog record)
Permanent Link:
http://resource.nlm.nih.gov/9918749985606676