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of relative wages. However, it is hard to estimate because skill supply is endogenous. We tackle the task by using …
Persistent link: https://www.econbiz.de/10011509429
We conduct an empirical investigation into the effects of foreign ownership on worker skills using firm-level data from … raise the skills of their workforce in response to the acquisition by hiring high-skilled workers and providing worker … upgrading in foreign-acquired firms. We reveal substantial productivity gains within foreign-acquired firms and we show that …
Persistent link: https://www.econbiz.de/10011929606
We study the impact of techies-engineers and other technically trained workers-on firm-level productivity. We first …-neutral productivity in both manufacturing and non-manufacturing industries. We find that techies raise firm-level productivity, and this … of techies on productivity operates mostly through ICT and other techies, not R&D workers. Engineers have a greater …
Persistent link: https://www.econbiz.de/10014288151
knowledge sector is bounded, as productivity increases, the economy moves from a Solovian zone where wages increase with … productivity, to a Marxian zone where they paradoxically decline with productivity. This is because as consumption of a given good … more unevenly distributed than productivity, technical progress always increases inequality. Redistribution from profits to …
Persistent link: https://www.econbiz.de/10011398011
In this paper, we study the development and underlying drivers of skill premiums in Germany between 1980 and 2008. We show that the significant increase in the medium to low skill wage premiums since the late 1980s was almost exclusively concentrated among the group of workers aged 30 or below....
Persistent link: https://www.econbiz.de/10011688036
development of wages and employment across skill groups, there is considerable disagreement to explain these trends, in particular …
Persistent link: https://www.econbiz.de/10009781695
, including tested numeracy skills as a proxy for unobserved ability. We find that job training reduces workers’ automation risk … and increasing wages across nearly all countries, underscoring the external validity of our findings. Women tend to …
Persistent link: https://www.econbiz.de/10015145024
determinants of cross-country differences in the persistence of productivity differentials Specifically, we focus on the effects of … convergence rates. Consistent with theories, the persistence of productivity differentials is found to be positively correlated …, productivity convergence appears to be enhanced by human capital but deterred by government spending. …
Persistent link: https://www.econbiz.de/10011399314
The canonical supply-demand model of the wage returns to skill has been extremely influential; however, it has faced several important challenges. Several studies show that the standard approach sometimes produces theoretically wrong-signed elasticities of substitution, yields counterintuitive...
Persistent link: https://www.econbiz.de/10012599109
workforce and fully benefiting from technology adoption. We show that digital technology adoption shifted the demand for skills …
Persistent link: https://www.econbiz.de/10011774966