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JOINT VIENNA
MACROECONOMICS
SEMINAR |
INVITATION |
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Reminder:
The Joint Vienna Institute and the Institute for Advanced Studies cordially invite you to the following Joint Vienna Macroeconomics Seminar
Tuesday, February 21, 2017
Institute for Advanced Studies
Josefstädter Straße 39, 1080 Vienna
Seminar Room SE 101, 1st floor
5:00 pm
Sciences Po, Paris
Disentangling occupation- and sector-specific technological change
Abstract: The labor markets of most developed countries have experienced substantial changes in terms of both sectoral and occupational outcomes in recent decades. The large overlap between these outcomes allow the basic labor market patterns
to be explained by either sector- or occupation-specific technological change. Yet distinguishing these two potential drivers is important as their implications differ for certain outcomes and for evaluating policies. In this paper we use a parsimonious model
to extract sector-occupation specific technological change from the data. Using a factor model we decompose these changes into sector only and occupation only components, and show that both play a role. Finally we use our model to generate counterfactual series
to gauge the importance of sector specific and occupation specific technological change on relative wages, sectoral value added shares and sector-occupation employment shares.
We are looking forward to seeing you!
IHS Institute for Advanced Studies
Josefstädter Straße 39, 1080 Vienna, Austria
Tel.: +43 1 599 91 - 0
e-Mail: economics@ihs.ac.at
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