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Firms in developed countries face increasing shortages of young workers. This paper studies the importance of young workers, particularly vocational trainees, for firm technology investments. Leveraging exogenous variation in trainee supply caused by an education reform in Germany in 2001, I...
Persistent link: https://www.econbiz.de/10015271321
Building on the canonical model of skill-biased technical change to incorporate differential effects of technology and international trade on the skill composition of occupations, the paper employs a task-based approach to analyze structural changes in regional employment within a rich...
Persistent link: https://www.econbiz.de/10011392588
An important goal of immigration policy is to facilitate the entry of foreignborn workers whose skills are in short supply in national labor markets. In recent decades, information and communication technology [ICT] has fueled the demand for highly educated workers at the expense of lower...
Persistent link: https://www.econbiz.de/10012703250
The evolution of the U.S. skill premium over the past century has been characterized by a U-shaped pattern. The previous literature has attributed this observation mainly to the existence of exogenous, unexpected technological shocks or changes in institutional factors. In contrast, this paper...
Persistent link: https://www.econbiz.de/10012026530
We use data from a new international dataset - the European Skills and Jobs Survey - to create a unique measure of skills-displacing technological change (SDT), defined as technological change that may render workers' skills obsolete. We find that 16 percent of adult workers in the EU are...
Persistent link: https://www.econbiz.de/10012062977
We present novel evidence on the effects of advanced technologies on employment, skill demand, and firm performance. The main finding is that advanced technologies led to increases in employment and no change in skill composition. Our main research design focuses on a technology subsidy program...
Persistent link: https://www.econbiz.de/10013419141
This empirical paper analyzes labor market sorting across establishments using Swedish register data on cognitive and non-cognitive abilities. We draw on the theoretical foundations of Chone' and Kramarz (2021), in which workers are endowed with sets of multidimensional skills that need to be...
Persistent link: https://www.econbiz.de/10013174859
Firms in developed countries face increasing shortages of young workers. This paper studies the importance of young workers, particularly vocational trainees, for firm technology investments. Leveraging exogenous variation in trainee supply caused by an education reform in Germany in 2001, I...
Persistent link: https://www.econbiz.de/10015125220
The green transition towards a carbon neutral economy constitutes a technological transformation, in which firms need to invest in new, clean technologies. In order to be operated, these new technologies often require a set of technology-specific skills that differ from those that were relevant...
Persistent link: https://www.econbiz.de/10014427423
technologically advanced IT skills during a period of accelerating technological change. We identify a supply shock of more … analyze how this supply shock of IT-skilled workers affected the careers of incumbent workers. The results show that even …, incumbents experienced relatively little unemployment during the transition period following the supply shock and on average …
Persistent link: https://www.econbiz.de/10011796386