Are older workers good for business?

Quinby, Laura D., Gal Wettstein, and James Giles. “Are older workers good for business?”. CRR WP 2023-19, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, November 2023. http://hdl.handle.net/2345/bc-ir:109810.
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Abstract

The U.S. workforce is aging, which has raised concerns about the implications of older workers for businesses and the economy. However, little research has been conducted on the quantitative value of older workers in recent years. This paper attempts to fill that gap by linking employee and employer data from the U.S. Census Bureau's Longitudinal Employer-Household Dynamics, Longitudinal Business Database, and Business Register. The analysis finds that in general, older workers are as productive as younger workers; however, they do earn higher wages. Furthermore, the relationship between the share of older workers, productivity, and profitability varies substantially by industry.

Title
Are older workers good for business?
Author
Quinby, Laura D.
Wettstein, Gal
Giles, James
Center
Center for Retirement Research
Genre
working paper
Date Issued
November 2023
Publisher
Center for Retirement Research at Boston College
Series Title
CRR WP
Series Number
2023-19
Persistent Link
http://hdl.handle.net/2345/bc-ir:109810
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
Older Workers

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