We study the relation between workers’ age and their productivity in work teams, based on a new and unique data set that combines data on errors occurring in the production process of a large car manufacturer with detailed information on the personal characteristics of workers related to...

Der Zusammenhang zwischen Alter und Leistungsfähigkeit von Beschäftigten wird in den verschiedensten Disziplinen untersucht - mit zum Teil recht unterschiedlichen Ergebnissen. Dieser Beitrag gibt einen Überblick über die Literatur und diskutiert die Notwendigkeit einer neuen Sicht der...

Der Zusammenhang zwischen Alter und Leistungsfähigkeit von Beschäftigten wird in den verschiedensten Disziplinen untersucht – mit zum Teil recht unterschiedlichen Ergebnissen. Dieser Beitrag gibt einen Überblick über die Literatur und diskutiert die Notwendigkeit einer neuen Sicht der...

How to deliver adequate pension benefits at reasonable costs is a huge challenge confronting our ageing societies. This book delivers a comprehensive overview of the latest insights into pension finance, pension system design, pension governance and risk based supervision. It combines...

Understanding how households form their long-term saving and investment decisions to shoulder risks not covered by social security systems has been of primary importance in all the countries which, like Germany, introduced major reforms to face the challenges of an aging population. This paper...

In this paper, we study the effect of skill-biased technological change on unemployment when benefits are linked to the evolution of average income and when this is not the case. In the former case, an increase in the productivity of skilled workers and hence their wage leads to an increase in...

This paper studies the employment effects of technological change when benefits are endogenous. If the (i) level of welfare aid depends on the general income level in the economy and (ii) wages for unskilled workers cannot fall below the level of welfare aid, there is a link between the wage for...

We propose and test a general equilibrium model in which longer working time and higher labor force participation lead to a fall in unemployment. Longer working hours and higher labor force participation have two direct e®ects: People have higher in- comes and less (leisure) time. This has...

In this paper, we study the effect of skill-biased technological change on unemployment when benefits are linked to the evolution of average income and when this is not the case. In the former case, an increase in the productivity of skilled workers and hence their wage leads to an increase in...