The Returns to General versus Job-Specific Skills: the Role of Information and Communication Technology
AbstractThis paper examines the effect of information and communication technologies (ICT) on the return paid to two different types of skill: general skills, acquired through schooling and work experience, and job-specific skills, acquired by experience in a particular job. Using the UK Labour Force Survey we estimate skill returns in different industries over the period 1994-2001. We evaluate the marginal effect on these returns of the ICT intensity of industry capital and find that the shift towards ICT capital has been associated with a rise in the return to general skills and a reduction in the return to job-specific experience.
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Bibliographic InfoPaper provided by National Institute of Economic and Social Research in its series NIESR Discussion Papers with number 274.
Date of creation: Jun 2006
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-12-09 (All new papers)
- NEP-BEC-2006-12-09 (Business Economics)
- NEP-EDU-2006-12-09 (Education)
- NEP-ICT-2006-12-09 (Information & Communication Technologies)
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