Firm Productivity, Workforce Age and Vocational Training in Austria1
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The employment rate of older people in Austria is amongst the lowest within the EU countries. According to recent data by EUROSTAT, labour force participation of employees aged 55 to 64 in 2005 is 31.8% in Austria compared to an EU-15 average of 44.1%. An expected strengthening of this development is due to the shrinking and ageing of the overall Austrian working population during the next decades On the firm level the ageing of the baby boom generation will put high pressure on human resource management, in particular so in a situation where disincentives for work at older ages and for hiring old workers prevail.
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