Occupational Exposure to Capital-Embodied Technical Change.

Autor/inn/en	Caunedo, Julieta; Jaume, David; Keller, Elisa
Titel	Occupational Exposure to Capital-Embodied Technical Change. Gefälligkeitsübersetzung: Berufliche Exposition gegenüber kapitalintensivem technischem Wandel.
Quelle	In: The American economic review, 113 (2023) 6, S. 1642-1685 PDF als Volltext Link als defekt meldenVerfügbarkeit
Sprache	englisch
Dokumenttyp	online; gedruckt; Zeitschriftenaufsatz
ISSN	0002-8282; 1944-7981
DOI	10.1257/aer.20211478
Schlagwörter	Technologische Entwicklung; Allokation; Beschäftigungseffekt; Kapital; Produktionsfaktor; Arbeit; Arbeitskraft; Berufsgruppe; Qualifikation; Auswirkung; Einflussfaktor; USA
Abstract	"We study differences in exposure to factor-biased technical change among occupations by providing the first measures of capital-embodied technical change (CETC) and of the elasticity of substitution between capital and labor at the occupational level. We document sizable occupational heterogeneity in both measures, but quantitatively, it is the heterogeneity in factor substitutability that fuels workers' exposure to CETC. In a general equilibrium model of worker sorting across occupations, CETC accounts for almost all of the observed labor reallocation in the US between 1984 and 2015. Absent occupational heterogeneity in factor substitutability, CETC accounts for only 17 percent of it." The study refers to the period 1984-2015. (Author's abstract, IAB-Doku).
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2024/1