국제무역
The firm side of labour shortages
This study investigates labour shortages in firms across 34 OECD countries, Brazil, and South Africa. It finds that shortages are widespread and closely linked to firm’s technology adoption, age and skill profiles. The impact varies by productivity level: low-productivity firms face shortages because of lower wages and poorer working conditions, while high-productivity firms face skill-specific gaps, leading them to automate, reorganise, and invest in training.
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