In this paper, we examined the effect of workforce aging on company productivity. We found that an increase in the ratio of workers aged over 50 years to total workers had a negative effect on value added per worker, which was consistent with the findings of most previous studies based on...

In Germany, as in many other European countries, there will be a shift in the workforce age structure in the next decades. The number of older workers will increase, and the number of younger and middle aged workers will decline. This paper provides evidence how the shift in the relative labor...