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Ageing, Health, and ProductivityThe Economics of Increased Life Expectancy$
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Pietro Garibaldi, Joaquim Oliveira Martins, and Jan van Ours

Print publication date: 2010

Print ISBN-13: 9780199587131

Published to Oxford Scholarship Online: January 2011

DOI: 10.1093/acprof:oso/9780199587131.001.0001

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Age and Working Capacity

Age and Working Capacity

Chapter:
(p.179) 10 Age and Working Capacity
Source:
Ageing, Health, and Productivity
Author(s):

Pekka Ilmakunnas

Jan van Ours

Vegard Skirbekk

Matthias Weiss

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199587131.003.0013

This chapter examines how the subjective assessment of work capacity is related to age using the Finnish Quality of Working Life Survey (QWLS) from the year 2003. The results provide clear evidence that employees' own assessment of their working capacity falls with age while there is no corresponding decline in wages by age. However, the fall in working capacity is not dramatic, as the majority of the older age groups still consider their working capacity to be relatively high in a scale from 0 to 10. Age affects working capacity, as least to the extent that the employees themselves think so.

Keywords:   QWLS, assessment, wages, productivity, working capacity

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