Documents 2003/9

نویسنده

  • Terje Skjerpen
چکیده

In most OECD-countries, labour demand has shifted from unskilled to skilled over time. Many analyses of this phenomenon focus either on technical change, capital-skill complementarity or mutual labour substitution. Applying a more general approach enables us to explore the relative importance of different factors behind the shift in labour demand in Norwegian manufacturing. A multivariate error-correction model of the cost-shares of skilled and unskilled labour, materials and energy is estimated. The results show that skilled-biased technical change, primarily due to a positive effect on skilled labour and less due to a negative effect on unskilled labour, explains much of the shift in labour demand. In addition, mutual labour substitution and capital stock growth are important.

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تاریخ انتشار 2003