Skills and Europe’s Labor Market : How Technological Change and Other Drivers of Skill Demand and Supply are Shaping Europe’s Labor Market
This report complements the recent World Bank publication, Growing United: Upgrading Europe’s Convergence Machine (Bodewig, C., Ridao-Cano, C., 2018). The Growing United report highlights that, while the European Union is still the “convergence mac...
| Main Authors: | , |
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| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2018
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/378911528957654868/Skills-and-Europe-s-labor-market-how-technological-change-and-other-drivers-of-skill-demand-and-supply-are-shaping-Europe-s-labor-market http://hdl.handle.net/10986/29965 |
| Summary: | This report complements the recent World
Bank publication, Growing United: Upgrading Europe’s
Convergence Machine (Bodewig, C., Ridao-Cano, C., 2018). The
Growing United report highlights that, while the European
Union is still the “convergence machine” that fosters an
unparalleled depth and scope of regional economic
integration, it is no longer working for everyone. The
report points to a growing divide, reflected in inequality
widening among households across and within EU countries. It
reviews the underlying factors of this growing divide from
two angles, that of people and that of firms, and for both
it examines the reasons why some are left behind and others
thrive. This review of labor market trends, the underlying
causes that determine which skills are in demand, and how
they are rewarded, starts with a framing chapter, briefly
summarizing trends in inequity in the EU and ongoing
discourse on the impact of technological change and other
driver of skill demand and supply on labor outcomes. This is
followed by a brief description of trend in employment and
earnings in the EU since the late 1990’s (chapter two); and
a brief description of factors that shape skill demand
(technology, globalization, aging, and the level of economic
development) followed by an analysis of the evolution of the
task content of jobs (chapter three). It then proceeds to
discuss the parallel impact of supply-side factors, like
education and migration, on the resulting labor market
trends; and finally proposes an analytical framework to
understand the extent to which the interaction of demand and
supply factors is altering the labor market structure in the
EU (chapter five). |
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