Economics, Econometrics and Finance
4 years ago

R&D Intensity Linked to Surge in Demand for Skilled Workers Worldwide

The Quarterly Journal of Economics
Technology and Changes in Skill Structure: Evidence from Seven OECD Countries
Stephen Machin, John Van Reenen

Paper Summary

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The article compares skill changes in the workforce in seven countries, including the US and UK. They looked at how research and development (R&D) affects the need for skilled workers. The study found that as R&D increases, the demand for skilled workers also goes up. This shows that technology is making it more important to have higher skills in these countries.