# name
On the Industry Specificity of Human Capital and Business Cycles

# metadata.dc.description.abstract[].value
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-

# metadata.dc.publisher[].value
Universitat de Barcelona. Facultat d'Economia i Empresa

# metadata.dc.relation.ispartof[].value
UB Economics – Working Papers, 2016, E16/335

# metadata.dc.rights[].value
cc-by-nc-nd, (c) Jerbashian et al., 2016

# metadata.dc.title[].value
On the Industry Specificity of Human Capital and Business Cycles