New technology and old institutions: An empirical analysis of the skill-biased demand for older workers in Europe |
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| Institution: | 1. Department of Economics, Shanghai Lixin University of Accounting and Finance, No.2800 Wenxiang Road, Song Jiang District, Shanghai 201620, China;2. Centre for Research on the Economy and the Workplace (CREW), Birmingham Business School, University House, Edgbaston Park Road, Birmingham B15 2TY, UK;3. School of Business, University of the Sunshine Coast, Maroochydore DC, QLD 4558, Australia;4. Shanghai Lixin University of Accounting and Finance, No. 2800 Wenxiang Road, Song Jiang District, Shanghai 201620, China;5. School of Commerce, University of South Australia, Adelaide SA 8001, Australia;6. School of Business Administration, Shanghai Lixin University of Accounting and Finance, No. 995 Shangchuan Road, Shanghai 201209, China;1. Physics Department “Galileo Galilei,” University of Padua, Via Marzolo 8, I-35131, Padova, Italy;2. Sandia National Laboratories, Albuquerque, NM, USA;1. Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy, Amalienstraße 33, 80799 Munich, Germany;2. Technical University of Munich and National Bureau of Economic Research, Cambridge, MA, United States;3. Ostbayerische Technische Hochschule Regensburg, Seybothstraße 2, 93053 Regensburg, Germany;4. Research Centre for Education and the Labour Market (ROA), Maastricht University, Netherlands;1. Department of Management, ISEG, Lisbon School of Economics and Management, Universidade de Lisboa, Rua Miguel Lupi, 20, 1249-078 Lisboa, Portugal;2. UECE (Research Unit on Complexity and Economics), Rua Miguel Lupi, 20, 1249-078 Lisboa, Portugal;3. Department of Economics, ISEG, Portugal;4. Department of Mathematics, ISEG, Portugal |
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| Abstract: | Using panel data from nine European countries over the period 1970 to 2007, we examine the impact of information and communication technology (ICT) on the demand for older workers (aged 50 and over). We find evidence of a decrease in demand for older workers in the 1970s and 1980s. It can be argued that the impact of ICT on demand for older workers is skill-biased. However, the skill-biased demand for older workers is mainly reflected in the skill-biased changes in employment shares rather than relative wages. There is some evidence of a gradual deskilling of older workers. We find that labour market institutions such as the national minimum wage, social pacts on wage issues and union density mostly benefit skilled older workers, while coordination of wage setting, extension of collective agreements, social pacts on pensions and centralisation of wage bargaining can alleviate the adverse effects of skill-biased technological change. |
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| Keywords: | Earnings Older workers Information and communication technology Labour market institutions |
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