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The Correlation between Employment and Productivity of Older Workers

Author

Listed:
  • Daniela VÎRJAN

    (Bucharest University of Economic Studies, Romania)

  • Alina Ștefania CREȚU

    (Bucharest University of Economic Studies, Romania)

Abstract

Romania's economy has been affected by the economic crisis and this is reflected not only in financial results, but also demographic. The population of Romania decreased in the last decade by more than 2.6 million people, reaching the lowest level in 35 years. Therefore, given the decrease of the active population available, reduces employment of the workforce and increase unemployment, this phenomenon propagating with extraordinary rapidity on the economy and living standards of the population and especially among older workers, so most of the population aging rate recorded declining activity. Labor productivity per hour or per employee, older workers has increased due to the quality of work, experience and degree of motivation professional regarding job retention. Labor productivity can be maintained as a higher level, will lead in time to a slight increase in occupancy jumps labor - default generally vulnerable age group of 55-64 years, which is the subject of this analysis.

Suggested Citation

  • Daniela VÎRJAN & Alina Ștefania CREȚU, 2015. "The Correlation between Employment and Productivity of Older Workers," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(4(605), W), pages 301-308, Winter.
    • Handle: RePEc:agr:journl:v:xxii:y:2015:i:4(605):p:301-308
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    Cited by:

    1. Hana Stojanova & Barbora Lietavcova & Ivona Vrdoljak Raguž, 2019. "The Dependence of Unemployment of the Senior Workforce upon Explanatory Variables in the European Union in the Context of Industry 4.0," Social Sciences, MDPI, vol. 8(1), pages 1-9, January.

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