What skills pay more? The changing demand and return to skills for professional workers

Josten, Cecily, Krause, Helen, Lordan, Grace and Yeung, Brian (2024) What skills pay more? The changing demand and return to skills for professional workers. . The London School of Economics and Political Science, London, UK.

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Abstract

Technology is disrupting labor markets. We analyze the demand and reward for skills at occupation and state level across two time periods using job postings. First, we use principal components analysis to derive nine skills groups: ‘collaborative leader’, ‘interpersonal & organized’, ‘big data’, ‘cloud computing’, ‘programming’, ‘machine learning’, ‘research’, ‘math’ and ‘analytical’. Second, we comment on changes in the price and demand for skills over time. Third, we analyze non-linear returns to all skills groups and their interactions. We find that ‘collaborative leader’ skills become significant over time and that legacy data skills are replaced over time by innovative ones.

Item Type:	Monograph (Working Paper)
Additional Information:	© 2024 The Authors
Divisions:	Psychological and Behavioural Science
Subjects:	B Philosophy. Psychology. Religion > BF Psychology H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Date Deposited:	23 Jan 2024 14:15
Last Modified:	23 Jan 2024 14:15
URI:	http://eprints.lse.ac.uk/id/eprint/121450

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