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E16-335-Jerbashian_OntheIndustry.pdf (1.05 MB)

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Document de treball

Data de publicació

2016

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cc-by-nc-nd, (c) Jerbashian et al., 2016
Si us plau utilitzeu sempre aquest identificador per citar o enllaçar aquest document: https://hdl.handle.net/2445/99000

On the Industry Specificity of Human Capital and Business Cycles

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Resum

We define specific -general- human capital as the set of occupations whose use is spread in a limited -wide- set of industries. Using the EU Labor Force Survey database, we identify these human capital types and analyze their employment and education. This exercise yields a persistent assignment of occupations into specific and general human capital types. The share of specific human capital varies across countries and has declined over time almost everywhere. We consider a stylized two-sector model where one of the sectors uses both types of human capital and the other specializes on general human capital. We show that a mean preserving increase in the share of specific human capital reduces -increases- the contribution of shocks in non-specialized sector and increases -reduces- the contribution of shocks in specialized sector to the variance of final output, when sectoral outputs are gross complements -substitutes-

Matèries

Cicles econòmics, Recursos humans, Població activa

Matèries (anglès)

Business cicles, Human capital, Labor supply

Citació

Col·leccions

UB Economics – Working Papers [ERE]
Documents de treball / Informes (Economia)

Citació

JERBASHIAN, Vahagn, SLOBODYAN, Sergey and VOURVACHAKI, Evangelia. On the Industry Specificity of Human Capital and Business Cycles. UB Economics – Working Papers. 2016. Vol.  E16/335. ISSN 1136-8365. [consulted: 22 of May of 2026]. Available at: https://hdl.handle.net/2445/99000

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