97 lines
3.3 KiB
YAML
97 lines
3.3 KiB
YAML
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abstract: 'Are employers willing to employ more older individuals, in particular
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older women? Higher employment among the older segments of the
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population will only materialize if firms are willing to employ them.
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Although several economists have started considering the demand side of
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the labour market for older individuals, few have considered its gender
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dimension properly; despite evidence that lifting the overall senior
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employment rate in the EU requires significantly raising that of women
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older than 50. In this paper, we posit that labour demand and
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employability depend to a large extent on how the age/gender composition
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of the workforce affects firm''s profits. Using unique firm-level panel
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data we produce robust evidence on the causal effect of age/gender on
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productivity (value added per worker), total labour costs and gross
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profits. We take advantage of the panel structure of data and resort to
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first differences to deal with a potential time-invariant heterogeneity
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bias. Moreover, inspired by recent developments in the production
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function estimation literature, we also address the risk of simultaneity
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bias (endogeneity of firm''s age-gender mix choices in the short run) by
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combining first differences with i) the structural approach suggested by
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Ackerberg, Caves and Frazer (2006), ii) alongside more traditional
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IV-GMM methods (Blundell and Bond, 1998) where lagged values of labour
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inputs are used as instruments. Results suggest no negative impact of
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rising shares of older men on firm''s gross profits, but a large negative
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effect of larger shares of older women. Another interesting result is
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that the vast and highly feminized services industry does not seem to
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offer working conditions that mitigate older women''s productivity and
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employability disadvantage, on the contrary. This is not good news for
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older women''s employability and calls for policy interventions in the
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Belgian private economy aimed at combating women''s decline of
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productivity with age and/or better adapting labour costs to age-gender
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productivity profiles. (C) 2012 Elsevier B.V. All rights reserved.'
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affiliation: 'Vandenberghe, V (Corresponding Author), Catholic Univ Louvain, ESL,
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IRES, Dept Econ, 3 Pl Montesquieu, B-1348 Louvain, Belgium.
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Vandenberghe, V., Catholic Univ Louvain, IRES, B-1348 Louvain, Belgium.'
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author: Vandenberghe, V.
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author-email: vincent.vandenberghe@uclouvain.be
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author_list:
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- family: Vandenberghe
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given: V.
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da: '2023-09-28'
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doi: 10.1016/j.labeco.2012.07.004
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eissn: 1879-1034
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files: []
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issn: 0927-5371
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journal: LABOUR ECONOMICS
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keywords: 'Ageing workforce; Gender; Productivity; Profitability; Linked
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employer-employee data; Endogeneity and simultaneity bias'
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keywords-plus: OLDER MEN; PRODUCTIVITY; PARTICIPATION; RETIREMENT; WAGES
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language: English
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month: JUN
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number: SI
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number-of-cited-references: '43'
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orcid-numbers: Vandenberghe, V./0000-0002-1645-1127
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pages: 30-46
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papis_id: 541e4974a9821722a76249688edc1cc0
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ref: Vandenberghe2013arefirms
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researcherid-numbers: Vandenberghe, V./L-9544-2013
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times-cited: '31'
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title: Are firms willing to employ a greying and feminizing workforce?
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type: Article
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unique-id: WOS:000317704400004
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usage-count-last-180-days: '0'
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usage-count-since-2013: '58'
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volume: '22'
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web-of-science-categories: Economics
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year: '2013'
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