Calendrier du 28 mai 2020
PSE Internal Seminar
Du 28/05/2020 de 12:30 à 14:30
Du 28/05/2020 de 12:30 à 13:30
PSE- 48 boulevard Jourdan, 74014 Paris, salle R1-14
LETROUIT Lucie(Université Gustave Eiffel)
RUIZ Celia(PSE)
TBA
brown bag Travail et Économie Publique
Du 28/05/2020 de 11:00 à 12:00
PSE- Using ZOOM
SIGNORELLI Sara (PSE)
Too Constrained to Grow. Analysis of Firms' Response to the Alleviation of Skill Shortages
Skill shortages are a growing concern in the context of rapid technological change. However, little evidence exists on what is the actual cost associated with them and on the effectiveness of potential solutions. This paper evaluates whether a French policy encouraging immigration of skilled workers with highly-demanded competencies had a positive effect on the output and productivity of firms that were constrained by the lack of native candidates. The analysis is based on exhaustive administrative data and relies on a difference-in-differences approach. Results show that firms operating in the most constrained local labor markets react to the reform by hiring more workers in tight occupations. This leads to growth in their revenues and value added as well as generating some crowding-in of other types of employment. The effect is stronger in departments with lower job to job mobility, suggesting that high-skill migration can be an effective tool to relax skill constraints in the less dynamic areas of the country, where native workers are reluctant to move.