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ICT and the Returns to Schooling and Job-Specific Experience

Published online by Cambridge University Press:  26 March 2020

Simon Kirby  and
Rebecca Riley
Simon Kirby*
Affiliation:
National Institute of Economic and Social Research
Rebecca Riley*
Affiliation:
National Institute of Economic and Social Research
*
e-mail: s.kirby@niesr.ac.uk
r.riley@niesr.ac.uk
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Abstract

We use the United Kingdom Labour Force Survey to estimate the returns to schooling and job-specific experience in sixteen different industry sectors over the period 1994-2001. Next, assuming skill levels are fixed, we assess the marginal effect on these returns of the capital intensity of production and the ICT intensity of capital. Our results indicate that in the UK, over the period 1994-2001, the rising ICT intensity of capital was associated with a rise in the return to schooling, and a reduction in the return to job-specific experience.

Keywords

Skill-biased technical changereturn to human capitalinformation technologyexperienceJ30J31O30
Type
Articles
Information
National Institute Economic Review , Volume 201 , July 2007 , pp. 76 - 85
Copyright
Copyright © 2007 National Institute of Economic and Social Research

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