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Transferability of Skills across Sectors and Heterogeneous Displacement Costs

Author

Listed:
  • Moises Yi
  • Steffen Mueller
  • Jens Stegmaier

Abstract

We use rich German administrative data to estimate new measures of skill transferability between manufacturing and other sectors. These measures capture the value of workers' human capital when applied in different sectors and are directly related to workers' displacement costs. We estimate these transferability measures using a selection correction model, which addresses workers' endogenous mobility, and a novel selection instrument based on the social network of workers. Our results indicate substantial heterogeneity in how workers can transfer their skills when they move across sectors, which implies heterogeneous displacement costs that depend on the sector to which workers reallocate.

Suggested Citation

  • Moises Yi & Steffen Mueller & Jens Stegmaier, 2017. "Transferability of Skills across Sectors and Heterogeneous Displacement Costs," American Economic Review, American Economic Association, vol. 107(5), pages 332-336, May.
    • Handle: RePEc:aea:aecrev:v:107:y:2017:i:5:p:332-36
    Note: DOI: 10.1257/aer.p20171024
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    Citations

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    Cited by:

    1. Brindusa Anghel & Aitor Lacuesta & Ana Regil, 2020. "Transferability of workers' skills in sectors potentially affected by Covid-19," Economic Bulletin, Banco de España, issue 2/2020.
    2. Neffke, Frank & Nedelkoska, Ljubica & Wiederhold, Simon, 2024. "Skill mismatch and the costs of job displacement," Research Policy, Elsevier, vol. 53(2).
    3. Gyetvai, Attila & Zhu, Maria, 2021. "Coworker Networks and the Role of Occupations in Job Finding," IZA Discussion Papers 14615, Institute of Labor Economics (IZA).
    4. Srhoj, Stjepan & Kovač, Dejan & Shapiro, Jacob N. & Filer, Randall K., 2023. "The impact of delay: Evidence from formal out-of-court restructuring," Journal of Corporate Finance, Elsevier, vol. 78(C).
    5. Fackler, Daniel & Müller, Steffen & Stegmaier, Jens, 2017. "Explaining wage losses after job displacement: Employer size and lost firm rents," IWH Discussion Papers 32/2017, Halle Institute for Economic Research (IWH).
    6. Juan Blyde & Jose Claudio Pires & Marisol Rodríguez Chatruc, 2023. "International trade, job training, and labor reallocation," Review of International Economics, Wiley Blackwell, vol. 31(1), pages 204-236, February.
    7. Douglas Silveira & Izak Silva & Silvinha Vasconcelos & Fernando Perobelli, 2020. "The Brexit game: uncertainty and location decision," Papers in Regional Science, Wiley Blackwell, vol. 99(6), pages 1515-1538, December.

    More about this item

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers
    • J62 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Job, Occupational and Intergenerational Mobility; Promotion
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • L80 - Industrial Organization - - Industry Studies: Services - - - General

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