suggests a negative effect on total factor productivity. Using newly collected longitudinal data on pensioners, we quantify … pensioner-worker ratio decreases factor productivity by 5-6%. The effect is stronger when production is labor intensive and … automation potential is low. Economic aging also impedes the creation of innovation at the technological frontier …

demographics and the productivity of those who will still be active during the up-coming period of demographic ageing. As … productivity is difficult to investigate at a micro level, the paper builds on a large macro-data panel covering developed as well … output per worker as well as on total factor productivity (TFP). The results confirm earlier findings by Feyrer (2007 …

, rapidly narrowed the productivity gap with advanced economies. In contrast, in countries of the Commonwealth of Independent … States, which embarked on reforms later and contented with less depth, the productivity gap remains substantial. While the …

This paper examines how trade liberalization affects the innovation incentives of firms, and what this implies for … industry productivity. For this purpose we develop a reciprocal dumping model of international trade with heterogeneous firms … expected industry productivity. The central results of the paper regarding firm and industry level R&D spending differ …

We study the impact of techies—engineers and other technically trained workers—on firm-level productivity. We first … STEM-skill intensive and are associated with innovation, as well as with technology adoption, management, and diffusion …-neutral productivity in both manufacturing and non-manufacturing industries. We find that techies raise firm-level productivity, and this …