Publikation: Skill Complementarity in Production Technology : New Empirical Evidence and Implications
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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.
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STOYANOV, 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-2020-0102BibTex
@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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