| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28094 |
| 来源ID | Working Paper 28094 |
| Twisting the Demand Curve: Digitalization and the Older Workforce | |
| Erling Barth; James C. Davis; Richard B. Freeman; Kristina McElheran | |
| 发表日期 | 2020-11-16 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | This paper uses U.S. Census Bureau panel data that link firm software investment to worker earnings. We regress the log of earnings of workers by age group on the software investment by their employing firm. To unpack the potential causal factors for differential software effects by age group we extend the AKM framework by including job-spell fixed effects that allow for a correlation between the worker-firm match and age and by including time-varying firm effects that allow for a correlation between wage-enhancing productivity shocks and software investments. Within job-spell, software capital raises earnings at a rate that declines post age 50 to about zero after age 65. By contrast, the effects of non-IT equipment investment on earnings increase for workers post age 50. The difference between the software and non-IT equipment effects suggests that our results are attributable to the technology rather than to age-related bargaining power. Our data further show that software capital increases the earnings of high-wage workers relative to low-wage workers and the earnings in high-wage firms relative to low-wage firms, and may thus widen earnings inequality within and across firms. |
| 主题 | Labor Economics ; Demography and Aging ; Development and Growth ; Innovation and R& ; D |
| URL | https://www.nber.org/papers/w28094 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/585768 |
| 推荐引用方式 GB/T 7714 | Erling Barth,James C. Davis,Richard B. Freeman,et al. Twisting the Demand Curve: Digitalization and the Older Workforce. 2020. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w28094.pdf（478KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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