@techreport{e3543110e75d4749b4ee2fbd67a124d9,
title = "Technological Change and the Finance Wage Premium",
abstract = "This paper utilizes a comprehensive worker-firm panel for the Netherlands to quantify the 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.",
keywords = "finance wage premium, worker-firm panels, skill-biased technological change",
author = "Ata Bertay and \{Carre{\~n}o Bustos\}, Jos{\'e} and Harry Huizinga and Burak Uras and N. Vellekoop",
note = "CentER Discussion Paper Nr. 2022-002",
year = "2022",
month = jan,
day = "25",
language = "English",
volume = "2022-002",
series = "CentER Discussion Paper",
publisher = "CentER, Center for Economic Research",
type = "WorkingPaper",
institution = "CentER, Center for Economic Research",
}
