| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP10752
|
| DP10752 Experience-Biased Technical Change |
| Francesco Caselli
|
| 发表日期 | 2015-08-02
|
| 出版年 | 2015
|
| 语种 | 英语
|
| 摘要 | The baby-boom cycle has caused very large swings in the relative supply of experienced workers (first a large decline, and then a large increase). Yet, the experience premium has failed to decline markedly in the period where the supply of experience has increased. I develop a methodology to estimate the increase in the relative demand for experience that is required to reconcile the behavor of prices and quantities, and show this to have been large - a phenomenon I dub experience-biased technical change. I conjecture that one of the drivers of experience-biased technical change is a decline in the relative demand for physical strength. In support this conjecture, I show that occupations requiring high or moderate physical strength have accounted for a declining share of weeks worked in the economy, with sedentary occupations experiencing a corresponding increase. I also confirm that older workers have a comparative disadvantage in occupations requiring physical strength. |
| 主题 | Labour Economics
|
| 关键词 | Baby boom
Experience premium
Technical change
|
| URL | https://cepr.org/publications/dp10752
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/539583
|
推荐引用方式
GB/T 7714 |
Francesco Caselli. DP10752 Experience-Biased Technical Change. 2015.
|
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