Firm and Worker Dynamics in an Aging Labor Market

Event: Technology and Aging Workforce: Maximize the Gains from Longevity and Long Working Life

Firm and Worker Dynamics in an Aging Labor Market

17 May 2018
Author / Speaker: 
Niklas Engbom, Princeton University
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Description: 

The author assesses the impact of an aging labor force on business dynamism, labor market fluidity, and economic growth. The analysis embeds endogenous growth through creative destruction in an equilibrium job ladder model, highlighting feedback between the extent of mismatch in the labor market and incentives to innovate. Using cross-state variation and instrumenting for the incidence of aging using lagged age shares, the author found additional empirical support for the prediction of significant effects of aging on dynamism and growth.

Geographical Focus: 
Regional - North America
Type of Content: 
Learning Event

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