Shifts in the Demand and Supply of Skills in the OECD: A Single-Index Model With a Continuous Distribution of Skills

32 Pages Posted: 26 Sep 2007

See all articles by Marco Manacorda

Marco Manacorda

London School of Economics & Political Science (LSE) - Centre for Economic Performance (CEP); Queen Mary, University of London; Centre for Economic Policy Research (CEPR)

Alan Manning

London School of Economics & Political Science (LSE) - Centre for Economic Performance (CEP)

Date Written: 0000

Abstract

This paper proposes a one-dimensional index for the gap between the demand and supply of skills; this index can be estimated based on the labor market performance of groups defined with characteristics (e.g. education) that are only imperfectly correlated with labor market skills. Using data from five European countries and the US, we find that the relative demand for skills has increased more than the relative supply in the US and UK during the 1980s but not in other European countries. However, the gap between relative demand and supply increased in Italy and the Netherlands from the early 1990s.

Suggested Citation

Manacorda, Marco and Manning, Alan, Shifts in the Demand and Supply of Skills in the OECD: A Single-Index Model With a Continuous Distribution of Skills (0000). Oxford Bulletin of Economics and Statistics, Vol. 69, Issue 5, pp. 635-666, October 2007. Available at SSRN: https://ssrn.com/abstract=1017138 or http://dx.doi.org/10.1111/j.1468-0084.2007.00468.x

Marco Manacorda (Contact Author)

London School of Economics & Political Science (LSE) - Centre for Economic Performance (CEP) ( email )

Houghton Street
London WC2A 2AE
United Kingdom

Queen Mary, University of London

Mile End Road
London, London E1 4NS
United Kingdom

Centre for Economic Policy Research (CEPR)

London
United Kingdom

Alan Manning

London School of Economics & Political Science (LSE) - Centre for Economic Performance (CEP) ( email )

Houghton Street
London WC2A 2AE
United Kingdom
(44 20) 7955 6078 (Phone)

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
13
Abstract Views
529
PlumX Metrics