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The changing nature of labour demand in the new economy and skill‐biased technology change
Author(s) -
Machin Stephen
Publication year - 2001
Publication title -
oxford bulletin of economics and statistics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.131
H-Index - 73
eISSN - 1468-0084
pISSN - 0305-9049
DOI - 10.1111/1468-0084.63.spe1.8
Subject(s) - citation , schools of economic thought , economics , sociology , economy , library science , neoclassical economics , computer science
In this paper I consider recent patterns of change in the labour market, placing particular emphasis on the way in which labour demand has shifted in favour of workers with more skills and education. The paper describes recent trends and critically evaluates the role played by skill-biased technological change. It also presents some recent evidence on the relation between relative demand shifts and computerization in the UK and US, showing that the links between simple headcount measures of computer use at work and shifts in skill demand were moderated in the 1990s as compared to the 1980s. JEL Classification: J0.