Full Citation

Title: Technological Change, Industry Specific Human Capital and the Intergenerational Allocation of Labor

Citation Type: Working Paper

Publication Year: 2007

ISBN:

ISSN:

DOI:

NSFID:

PMCID:

PMID:

Abstract: The empirical study of the intergenerational allocation of workers between economic sectors using French data over the period 1968-2005 provides evidence of large cohort effects. Age differences between industries are large and evolve cyclically over time in some industries which display periods of ageing followed by periods of rejuvenation. The model aims at explaining these findings studying an economy in which workers have different time horizon and must incur industry specific human capital investments. Interactions between generations influence the allocation of workers between industries. The average age of workers in each sector cycles toward a steady state in which there is no age difference between sectors. I detail how a technological change provokes this dynamics because of the varying time horizon of the labor force and the different types of skills needed to implement the new technology. Empirical evidences show that growing industries are younger whereas older industries display less interindustry labor turnover.

User Submitted?: No

Authors: Verdugo, Gregory

Series Title:

Publication Number:

Institution: Universite Toulouse

Pages:

Publisher Location: France

Data Collections: IPUMS USA

Topics: Aging and Retirement, Education, Labor Force and Occupational Structure

Countries: