Does ageing matter when it comes to workforce productivity

Document type
Report
Author(s)
Franklin, Ben
Publisher
International Longevity Centre - UK
Date of publication
9 May 2018
Subject(s)
Employment, Older Adults, Social Policy
Collection
Social welfare
Material type
Reports

Download (1,002KB )

This is the first in a series of short ILC reports exploring the relation between demographic forces and macroeconomic outcomes.

Based on analysis of English Local Authority data, this report finds that ageing impacts workforce productivity through two channels. First, a higher share of older people in the workforce acts to drag down the overall level of productivity which may be because work suffers from diminishing returns. Second, an increased share of elderly people in the population, raises the rate of productivity growth. Analysis suggests this may be because restrictions to labour supply boosts incentives to invest in capital and innovate.

More from Social welfare collection

Related to Employment

The ageing workforce

The aim of this report is to look at the implications and management challenges of ageing in the workforce. It is based on a review of research literature to date, a secondary analysis of the Labour

Ready for ageing? Report

This report identifies how England will see a 50% rise in the number of those aged 65+ and a 100% increase in those aged 85+ between 2010 and 2030. A longer life offers benefits for many, but to help

The future care workforce

This report reviews the state of the adult social care workforce and how it may have to evolve to meet the challenges it is likely to face over the coming decade.It finds that the adult social care

Managing an age-diverse workforce: employer and employee views

Downloadable report examining the issues relating to managing an age-diverse workforce

More items related to this subject

Related to International Longevity Centre - UK

Evaluation of the UK futures programme: conclusions and guidance

Downloadable report presenting the learning from the evaluation of the UK Futures Programme

Evaluation of UK futures programme: final report on productivity challenge 4: skills for innovation in manufacturing

Downloadable evaluation of the UK Futures Programme 4th Productivity Challenge

Tilting the odds: skills for innovation in manufacturing

Downloadable report summarising the projects making up the UK Futures Programme 4th Productivity Challenge

More items related to this publisher