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DTSTART:20190331T010000
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DTSTART:20191027T010000
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DTSTART;TZID=Europe/Paris:20190618T121500
DTEND;TZID=Europe/Paris:20190618T133000
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CREATED:20190417T150046Z
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UID:12262-1560860100-1560864600@econ.ip-paris.fr
SUMMARY:Attila LINDNER (University College London) - "Technological Change and Skill Demand in Non-Competitive Labor Markets"
DESCRIPTION:\nThe Microeconometrics Seminar: Every Tuesday at 12:15 pm.\nTime: 12:15 pm – 1:30 pm\nDate: 18 th of June 2019\nPlace: Room 3001\nAttila LINDNER (University College London) – “Technological Change and Skill Demand in Non-Competitive Labor Markets” \nAbstract: This paper investigates the consequences of technological change in the presence of non-competitive labor markets. We propose a model of technological progress where firms invest in innovation in the hope of developing new technologies. A successful innovation elevates rm-level labor demand\, and so firms have to raise wages to hire more workers. Unlike in models where wages are set competitively\, in this framework rm-level wage responses reveal information about the nature of technological change. We show that one can infer the extent which technological change is skill-biased by jointly investigating the effect of innovation on the rm-level skill ratio and on the skill wage premium. We apply this idea by exploiting unique firm-level innovation surveys linked to employee-employer data from Hungary and Norway. We show that firm-level technological change raises the skill ratio and also the skill premium in both countries. The increase in the skill-premium is not driven by the change in the composition of the workforce and\, in line with the predictions of the non-competitive labor markets\, wages of new entrants are also affected. Both high- (e.g. R&D based) and low-novelty value innovations are equally skill-biased. Among low-novelty innovation types\, technological innovation is the most skill-biased\, while organizational innovation is less so. \nOrganizers:\n\nLaurent DAVEZIES (Laboratoire de Microéconométrie-CREST)\nBenoît SCHMUTZ (Laboratoire de Microéconométrie-CREST)\nArne UHLENDORFF (Laboratoire de Microéconométrie-CREST)\nSponsors:\nCREST\n \n\n
URL:https://econ.ip-paris.fr/event/attila-lindner/
CATEGORIES:Economics,Microeconometrics
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