Can older workers stay productive? The role of ICT skills and training

Research output: Contribution to journalArticlepeer-review

Abstract

This paper quantitatively examines the effects of aging on labor productivity using individual worker data in Korea. We find that information and communications technology (ICT) skills and participation in job-related training can help older workers stay productive. The estimation results present that ICT skills, a measure incorporating an individual's proficiency in ICT skills and their utilization in the workplace, has a positive effect on the wages of the older workers aged 50–64 with a high level of education or in a skill-intensive occupation. Job training also has a significant positive effect on the wages of older workers. These results imply that compared to younger workers, well-educated older workers can obtain greater productivity increase through ICT skill attainment and their adequate use, and job-training. The evidence suggests that a productivity decrease in line with the aging process can be mitigated by training aging workers to equip themselves with ICT skills.

Original languageEnglish
Article number101438
JournalJournal of Asian Economics
Volume79
DOIs
Publication statusPublished - 2022 Apr

Keywords

  • Aging
  • Education
  • Information and communications technology
  • Productivity
  • Skill
  • Training

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

Fingerprint

Dive into the research topics of 'Can older workers stay productive? The role of ICT skills and training'. Together they form a unique fingerprint.

Cite this