High-Technology Employment in the European Union

Maarten Goos, Ian Hathaway, Jozef Konings and Marieke Vandeweyer

No 627720, Working Papers of Department of Economics, Leuven from KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven

Abstract: We analyse high-tech employment and wage trends in the European Union between 2000 and 2011. Using a broad industry-occupation framework to define high-tech, we find that the 22 million high-tech workers in the EU-27 represented 10 percent of total employment in 2011. High-tech employment grew at more than twice the rate of total employment during this eleven-year period, and spread throughout the continent—on average, increasing most in regions with previously lower concentrations of high-tech activity. High-tech workers face more favourable labour market outcomes as evidenced by lower unemployment rates and a substantial wage premium—indicating the high demand for these workers and the economic value they generate. We also find a sizable secondary local jobs multiplier, where the creation of one high-tech job in a region results in more than four additional non-high tech jobs in the same region.

Pages: 59
Date: 2013-12-01
Note: paper number 2013.41
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Forthcoming in FEB Research Report 2013.41

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Working Paper: High-Technology Employment in the European Union (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:ete:ceswps:627720

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