Pekka Ilmakunnas

   Professor of economics, emeritus

   Aalto University School of Business
   Phone: +358 40 581 5390
   E-mail: pekka.ilmakunnas (at) , pekka.ilmakunnas (at)



   Research in progress

   A. Hyytinen, P. Ilmakunnas, E. Johansson & O. Toivanen: "Heritability of lifetime income"

   P. Böckerman & P. Ilmakunnas: "Do good working conditions make you work longer? Evidence on retirement decisions using linked survey and register data"

   P. Ilmakunnas: "Age dissimilarity and separations"

   P. Ilmakunnas, M. Maliranta & H. Pesola: "Spillovers from multinationals to domestic firms: An empirical analysis of the profitability effects of labour flows"

   Recent publications

   (For older publications, see CV)

   P. Ilmakunnas & S. Ilmakunnas: "Health and retirement age: Comparison of expectations and realizations”, Scandinavian Journal of Public Health, 2018, Vol. 46, Suppl. 19 (Health, Health Policy, and the Labor Market), 18–31


   P. Böckerman, P. Ilmakunnas & J. Vainiomäki: "Using twins to resolve the twin problem of having a bad job and a low wage", Manchester School, 2018, Vol. 86, 155-177

   P. Ilmakunnas, M. Maliranta: "How does the age structure of worker flows affect firm performance?", Journal of Productivity Analysis, 2016, Vol. 46, 43-62

   A. Hyytinen, P. Ilmakunnas & M. Maliranta: "Olley-Pakes productivity decomposition: Computation and inference", Journal of the Royal Statistical Society, A: Statistics in Society, 2016, Vol. 179, 749–761

   P. Ilmakunnas & S. Ilmakunnas: "Hiring older employees: Do age limits of early retirement and contribution rates of firms matter?", Scandinavian Journal of Economics, 2015, Vol. 117, 164-194

   Recent articles in Finnish

   P. Ilmakunnas & S. Ilmakunnas, “Haastaako työmarkkinoiden polarisaatio eläkepolitiikan?(Does the polarization of labor markets challenge pension policy?), Talous ja yhteiskunta, 2/2017, 2-9

   P. Böckerman & P. Ilmakunnas, “Työolojen ja johtamisen yhteys eläköitymisaikeisiin ja toteutuneeseen eläkkeelle jäämiseen” (The connections of working conditions and management on retirement intentions and actual retirement), Järnefelt, N., ed., Työolot ja työuratTutkimuksia työurien vakaudesta ja eläkkeelle siirtymisestä (Working conditions and Working Careers – Studies on the Stability of Working Careers and Retirement), Helsinki: Finnish Centre for Pensions, 2016, 147-173


   Finnish Academy of Science and Letters (Suomalainen Tiedeakatemia), member of board and treasurer

   Research Institute of the Finnish Economy (ETLA), senior fellow