Young People Earn More at Young Companies

June 05, 2014
Biz Stats 

Research Finding : 
Young People Earn More at Young Companies
Observations : 
Workers aged 25–34 earn 3.1% more at firms that are five years old or younger than at well-established firms . 
Possible Reason : 
One reason may be that youthful workers possess the cutting-edge technical skills that startups are seeking and are willing to pay for it . Demographics at Start ups : 
 25-to-34-year-old employees make up 27% of the workforces of young firms but just 18% of those at well-established firms (companies that have been around for two decades or more).

SOURCE: Who works for startups? The relation between firm age, employee age, and growth. 

Research conducted by :  Paige Ouimet of the University of North Carolina and Rebecca Zarutskie of the Federal Reserve Board.