Occupational transitions The cost of moving to a "safe haven"

This study proposes experimental estimates of the monetary cost of the training needed to move workers across occupations. Occupations of destination are held "acceptable" if they are close, in terms of skills requirements, and entail small wage cuts and skills excesses (if any) relative t...

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Bibliographic Details
Main Author: Andrieu, Elodie
Other Authors: Jamet, Stéphanie, Marcolin, Luca, Squicciarini, Mariagrazia
Format: eBook
Language:English
Published: Paris OECD Publishing 2019
Series:OECD Science, Technology and Industry Policy Papers
Subjects:
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Collection: OECD Books and Papers - Collection details see MPG.ReNa
Description
Summary:This study proposes experimental estimates of the monetary cost of the training needed to move workers across occupations. Occupations of destination are held "acceptable" if they are close, in terms of skills requirements, and entail small wage cuts and skills excesses (if any) relative to the occupation of origin. The total estimated cost encompasses the direct cost of undertaking the training, and workers' opportunity cost, in terms of foregone wages. The minimum cost of moving workers in occupations at high risk of automation (ROA) to occupations where they are not at such risk (so called "safe haven") is estimated to range between 1-5% of one year GDP, on average across the countries considered. At the worker level, occupational transitions' costs increase with the cognitive skills and the average age of the workers in the occupation of origin, and with the proportion of workers at high ROA in manufacturing
Physical Description:80 p