Publikation:

Skill Complementarity in Production Technology : New Empirical Evidence and Implications

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2022

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Stoyanov, Andrey

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German Economic Review. De Gruyter. 2022, 23(2), pp. 233-274. ISSN 1465-6485. eISSN 1468-0475. Available under: doi: 10.1515/ger-2020-0102

Zusammenfassung

Danish manufacturing firm data reveal that 1) industries differ in within-firm worker skill (= wage) dispersion, and 2) within-firm skill dispersion positively correlates with firm productivity in industries with higher average skill dispersion. We argue that these patterns reflect technological differences between industries: firms in the “skill complementarity” industries profit from hiring similarly able workers, while the “skill substitutability” firms thrive on skill differences. Our study produces a robust, data-driven and theoretically validated classification of industries into the complementarity and substitutability groups, unveils hitherto unnoticed technological heterogeneity between industries within the same economy, and illustrates its importance through simulations.

Zusammenfassung in einer weiteren Sprache

Fachgebiet (DDC)
330 Wirtschaft

Schlagwörter

skill dispersion; complementarity; production technology; firm productivity

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ISO 690STOYANOV, Andrey, Nick ZUBANOV, 2022. Skill Complementarity in Production Technology : New Empirical Evidence and Implications. In: German Economic Review. De Gruyter. 2022, 23(2), pp. 233-274. ISSN 1465-6485. eISSN 1468-0475. Available under: doi: 10.1515/ger-2020-0102
BibTex
@article{Stoyanov2022Skill-50291.2,
  year={2022},
  doi={10.1515/ger-2020-0102},
  title={Skill Complementarity in Production Technology : New Empirical Evidence and Implications},
  number={2},
  volume={23},
  issn={1465-6485},
  journal={German Economic Review},
  pages={233--274},
  author={Stoyanov, Andrey and Zubanov, Nick}
}
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VersionDatumZusammenfassung
2*
2021-10-17 23:01:06
paper has been revised and published
2020-07-20 07:53:59
* Ausgewählte Version