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The Innovation Premium to Soft Skills in Low-Skilled Occupations
- Source :
- SSRN Electronic Journal.
- Publication Year :
- 2019
- Publisher :
- Elsevier BV, 2019.
-
Abstract
- Matched employee-employer data from the UK are used to analyze the wage premium to working in an innovative firm. We find that firms that are more R&D intensive pay higher wages on average, and this is particularly true for workers in some low-skilled occupations. We propose a model in which a firm's innovativeness is reflected in the degree of complementarity between workers in low-skill and high-skilled occupations, and in which non-verifiable soft skills are an important determinant of the wages of workers in low-skilled occupations. The model yields additional predictions on training, tenure and outsourcing which we also find support for in data.
Details
- ISSN :
- 15565068
- Database :
- OpenAIRE
- Journal :
- SSRN Electronic Journal
- Accession number :
- edsair.doi...........de36838218329a8b7d7c2b69f25c7a97