Does ageing matter when it comes to workforce productivity

Document type
Franklin, Ben
International Longevity Centre - UK
Date of publication
9 May 2018
Employment, Older Adults, Social Policy
Social welfare
Material type

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.

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