TY  - UNPD
A1  - Bertay, Ata Can
A1  - Carreño, José
A1  - Huizinga, Harry
A1  - Uras, Burak
A1  - Vellekoop, Nathanael
T1  - Technological change and the finance wage premium
T2  - SAFE working paper ; No. 361
N2  - This paper utilizes a comprehensive worker-firm panel for the Netherlands to quantifythe impact of ICT capital-skill complementarity on the finance wage premium after the Global Financial Crisis. We apply additive worker and firm fixed-effect models to account for unobserved worker- and firm-heterogeneity and show that firm fixed-effects correct for a downward bias in the estimated finance wage premium. Our results indicate a sizable finance wage premium for both fixed- and full-hourly wages. The complementarity between ICT capital spending and the share of high skill workers at the firm-level reduces the full-wage premium considerably and the fixed-wage premium almost entirely.
T3  - SAFE working paper - 361 
KW  - finance wage premium
KW  - worker-firm panels
KW  - skill-biased technological change
Y1  - 2022
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/68725
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-687255
UR  - https://ssrn.com/abstract=4260797
IS  - October 1, 2022
PB  - SAFE
CY  - Frankfurt am Main
ER  -