Labor shortage and innovation:
Skilled labor is a key input to the innovation process. A shortage in supply of skilled labor may hence impede innovation activities, resulting in lower productivity gains. While governments are concerned about these likely negative impacts, there is only limited empirical evidence whether and to wh...
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Mannheim, Germany
ZEW - Leibniz Centre for European Economic Research
2020
|
| Schriftenreihe: | ZEW discussion papers
20-009 (02/2020) |
| Online-Zugang: | 10419/214640 Volltext Volltext Volltext Volltext |
| Zusammenfassung: | Skilled labor is a key input to the innovation process. A shortage in supply of skilled labor may hence impede innovation activities, resulting in lower productivity gains. While governments are concerned about these likely negative impacts, there is only limited empirical evidence whether and to what extent labor shortage affects innovation activities. The paper addresses this question using panel data from three waves (2017 to 2019) of the German innovation survey. We measure labor shortage by job openings that could not be filled at all, not with the required skills or only with significant delay, distinguishing different skill levels. We analyze whether labor shortage resulted in stopping or abandoning of innovation projects. Endogeneity issues are tackled by instrumental variable estimation techniques. Our results show that innovative firms are more likely to be subject to skill shortage, whereas skill shortage induces the cancelation of innovation projects. Effects are stronger for labor shortage related to professional occupations and less for academic qualifications |
| Beschreibung: | 1 Online-Ressource (21 Seiten) Illustrationen |
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| spelling | Horbach, Jens 1962- Verfasser (DE-588)170977021 aut Labor shortage and innovation Jens Horbach and Christian Rammer Mannheim, Germany ZEW - Leibniz Centre for European Economic Research 2020 1 Online-Ressource (21 Seiten) Illustrationen txt rdacontent c rdamedia cr rdacarrier ZEW discussion papers 20-009 (02/2020) Skilled labor is a key input to the innovation process. A shortage in supply of skilled labor may hence impede innovation activities, resulting in lower productivity gains. While governments are concerned about these likely negative impacts, there is only limited empirical evidence whether and to what extent labor shortage affects innovation activities. The paper addresses this question using panel data from three waves (2017 to 2019) of the German innovation survey. We measure labor shortage by job openings that could not be filled at all, not with the required skills or only with significant delay, distinguishing different skill levels. We analyze whether labor shortage resulted in stopping or abandoning of innovation projects. Endogeneity issues are tackled by instrumental variable estimation techniques. Our results show that innovative firms are more likely to be subject to skill shortage, whereas skill shortage induces the cancelation of innovation projects. Effects are stronger for labor shortage related to professional occupations and less for academic qualifications Rammer, Christian 1966- Verfasser (DE-588)118148419 aut ZEW discussion papers 20-009 (02/2020) (DE-604)BV046176481 20-009 (02/2020) 10419/214640 http://ftp.zew.de/pub/zew-docs/dp/dp20009.pdf Verlag kostenfrei Volltext https://madoc.bib.uni-mannheim.de/55079 Verlag kostenfrei Volltext https://www.zew.de/de/publikationen/labor-shortage-and-innovation/?cHash=127b3b41b0cec47207596749d15cdac8 Verlag kostenfrei Volltext http://hdl.handle.net/10419/214640 Resolving-System kostenfrei Volltext |
| spellingShingle | Horbach, Jens 1962- Rammer, Christian 1966- Labor shortage and innovation ZEW discussion papers |
| title | Labor shortage and innovation |
| title_auth | Labor shortage and innovation |
| title_exact_search | Labor shortage and innovation |
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| title_full | Labor shortage and innovation Jens Horbach and Christian Rammer |
| title_fullStr | Labor shortage and innovation Jens Horbach and Christian Rammer |
| title_full_unstemmed | Labor shortage and innovation Jens Horbach and Christian Rammer |
| title_short | Labor shortage and innovation |
| title_sort | labor shortage and innovation |
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