Wage and employment by skill levels in technological evolution of South and East Europe
Elisabetta Croci Angelini (),
Francesco Farina and
Enzo Valentini ()
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Francesco Farina: Libera Università Internazionale degli Studi Sociali (LUISS)
Journal of Evolutionary Economics, 2020, vol. 30, issue 5, No 9, 1497-1514
Abstract Occupations and sectors are the two fundamental dimensions of structural change. From the evolution of the high/low-skill employment levels and wage premium, we can study which sectors have been undertaking a process of technical change. We use Eu-Silc database to investigate the technological patterns followed before and after the 2008 crisis by four “Southern Europe” countries (Italy, Spain, Greece, Portugal) and three “Eastern Europe” countries (Poland, Hungary, Bulgaria) in comparison with the UK. Our empirical analysis shows that these two groups of countries follow heterogeneous patterns. Eastern Countries are not suffering from de-industrialization and are more oriented toward SBTC, as they are likely to perform better than Southern Countries. In particular, Poland stands out among the Eastern countries and Portugal among the Southern Countries, because they are closest to the UK in terms of technology ratio (level and dynamics after the crisis) and in terms of SBTC tendency.
Keywords: Technical change; Skill premium; Country studies (search for similar items in EconPapers)
JEL-codes: O33 O47 P51 (search for similar items in EconPapers)
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