Firm-level technological change and skill demand

Attila Lindner, Balazs Murakozy, Balazs Reizer and Ragnhild Schreiner

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: 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

Keywords: skill-biased technological change; innovation; skill premiums; imperfect competition (search for similar items in EconPapers)
JEL-codes: J24 J31 O30 O33 (search for similar items in EconPapers)
Pages: 136 pages
Date: 2022-07-01
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http://eprints.lse.ac.uk/117905/ Open access version. (application/pdf)

Related works:
Working Paper: Firm-level technological change and skill demand (2022)
Working Paper: Firm-level Technological Change and Skill Demand (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:117905

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