Labour market transitions after layoffs: the role of occupational skills.

Autor/inn/en	Rinawi, Miriam; Backes-Gellner, Uschi
Titel	Labour market transitions after layoffs: the role of occupational skills. Gefälligkeitsübersetzung: Berufsverläufe nach Entlassungen: die Rolle beruflicher Qualifikationen.
Quelle	In: Oxford economic papers, 73 (2021) 1, S. 76-97 PDF als Volltext Link als defekt meldenVerfügbarkeit
Sprache	englisch
Dokumenttyp	online; Zeitschriftenaufsatz
ISSN	1464-3812
DOI	10.1093/oep/gpz064
Schlagwörter	Bildungsertrag; Einkommenseffekt; Arbeitsloser; Arbeitslosigkeit; Berufliche Mobilität; Berufliche Spezialisierung; Berufsgruppe; Berufswechsel; Qualifikation; Dauer; Auswirkung; Schweiz
Abstract	"We study the role of occupational skills for labour market transitions after layoffs. Drawing on Lazear's skill-weights approach, we develop empirical measures for occupational specificity and the skill distance between occupations to investigate how skills map into job mobility and wages. Our analysis reveals several important insights. First, higher occupational specificity is associated with lower job mobility and a longer period of unemployment. However, it is also associated with higher wages. Workers receive a wage premium of about 9% for re-employment in a one standard deviation more specific occupation. These results suggest a risk-return trade-off to educational investments into more specific skills. Second, the skill distance is negatively associated with wages. Workers moving between occupations with similar skill requirements suffer smaller wage losses than those with more distant moves. Thus, skills appear to be transferable across occupations and to play a pivotal role in the determination of wages." (Author's abstract, IAB-Doku).
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2021/3