Firm-level technological change and skill demand

Autor: Lindner, Attila, Muraközy, Balázs, Reizer, Balázs, Schreiner, Ragnhild
Jazyk: angličtina
Rok vydání: 2022
Předmět:
Popis: We quantify the contribution of firm-level technological change to skill demand and aggregate inequality in the presence of imperfect competition in the labor market. We show that skill-biased technological change increases both the firm-level skill ratio and the skill premium, while other shocks (e.g. firm-specific output demand shocks) cannot explain the increase in both outcomes. We exploit administrative data and a large survey measuring a broad class of firm-level technological changes from Hungary and Norway. We estimate that the aggregate college premium increases by 6.1% in Norway and by 13.8% in Hungary as a result of the skill bias in technological change
Databáze: OpenAIRE