Demographic change is perceived as a threat for wealth rather than a challenge in Germany. The debate on skilled labor shortage is a proof for this view. The paper surveys the most important German studies on skilled labor shortage. Meanwhile, a consensus on solutions has emerged in academia....

We estimate international technology spillovers to U.S. manufacturing firms via imports and foreign direct investment (FDI) between the years of 1987 and 1996. In contrast to earlier work, our results suggest that FDI leads to substantial productivity gains for domestic firms. The size of FDI...

When workers adopt technology at the point where the costs equal the increased productivity, output per worker increases immediately, while the productivity benefits increase only gradually if the costs continue to fall. As a result, workers in computer-adopting labor market groups experience an...