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• Peter Hicks, who coordinates OECD* work on the policy implications of ageing, says that plenty of research suggests older people are paid more because they are worth more.
• Clearly, when older people do heavy physical work, their age may affect their productivity.
• ‘The few companies that have kept on older workers find they have good judgement and their productivity is good,'' says Peter Peterson, author of a recent book on the impact of ageing.
• But other skills may increase with age, including many that are crucial for good management, such as an ability to handle people diplomatically, to run a meeting or to spot a problem before it blows up.
• And the virtues of the young may be exaggerated.

Answer:

• Clearly, when older people do heavy physical work, their age may affect their productivity.
• But other skills may increase with age, including many that are crucial for good management, such as an ability to handle people diplomatically, to run a meeting or to spot a problem before it blows up.
• Peter Hicks, who coordinates OECD* work on the policy implications of ageing, says that plenty of research suggests older people are paid more because they are worth more.
• And the virtues of the young may be exaggerated.
• ‘The few companies that have kept on older workers find they have good judgement and their productivity is good,'' says Peter Peterson, author of a recent book on the impact of ageing.