Labour Market Miracle, Productivity Debacle: Measuring the Effects of Skill-Biased and Skill-Neutral Technical Change.

Autor/inn/en	Hutter, Christian; Weber, Enzo
Titel	Labour Market Miracle, Productivity Debacle: Measuring the Effects of Skill-Biased and Skill-Neutral Technical Change. Gefälligkeitsübersetzung: Arbeitsmarktwunder, Produktivitätsdebakel: Die Messung der Auswirkungen von qualifikationspezifischem und qualifikationsneutralem technischen Wandel.
Quelle	In: Economic modelling, 102 (2021) Art. 105584 PDF als Volltext Link als defekt meldenVerfügbarkeit
Sprache	englisch
Dokumenttyp	online; Zeitschriftenaufsatz
ISSN	0264-9993
DOI	10.1016/j.econmod.2021.105584
Schlagwörter	Technologische Entwicklung; Beschäftigungseffekt; Produktivitätseffekt; Arbeitszeitentwicklung; Niedrig Qualifizierter; Qualifikation; Auswirkung; Einflussfaktor; IAB-Betriebspanel; Hoch Qualifizierter
Abstract	"This paper examines the role of skill-biased and skill-neutral technical change for productivity and employment. Thereby, we explore the puzzling macro development in Germany, witnessing job miracle and productivity debacle in parallel. In the literature, skill-biased technical change (SBTC) is known as an important driving factor for labour markets. We measure SBTC using comprehensive micro data and construct a structural macroeconometric framework identified by long-run restrictions. The results show that weaker SBTC explains 69 percent of the productivity slowdown since the early 2000s. Skill-biased technology shocks have a negative and skill-neutral technology shocks a positive hours effect. Twenty-five percent of the hours upswing since 2005 can be explained by reduced pressure from SBTC. Moreover, we analyse routine-biased technical change (RBTC) and find productivity and hours effects comparable to SBTC. However, only the latter can explain the job miracle - productivity debacle puzzle, since RBTC does not flatten substantially in the 2000s." (Author's abstract, IAB-Doku).
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2021/4