productivity of firms over the business cycle. Based on a matched employer-employee database of Estonian firms from 2006–2014, we … of workers, we link changes in the labour force to changes in productivity. Using fixed effect panel data analysis we … indicate that among high-waged employees middle-aged are the most productive, the productivity decreases with age but remains …

code), the practice of successful reorganizations has remained modest. Reorganization law was introduced in Estonia in late …