The Economics of Skills Obsolescence: a Review

A. de Grip, J.B. van Loo

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Abstract

In this chapter we review the economic literature on the various causes of skills obsolescence and the ways in which skills obsolescence has been modelled or estimated. Most of the literature focuses on skills obsolescence due to atrophy and worker displacements. Skills obsolescence may, however, also be due to the wear of skills, technological and organizational developments, shifts in the structure of employment and organizational forgetting. In the second part of the chapter, we discuss measures for skills obsolescence. Skills obsolescence measures are related to both the cause of skills obsolescence and the way in which it manifests itself.
Original languageEnglish
Title of host publicationThe Economics of Skills Obsolescence: Theoretical Innovations and Empirical Applications
EditorsAndries de Grip, Jasper van Loo, Ken Mayhew
Place of PublicationAmsterdam, Boston, London, New York, Oxford, Paris
PublisherElsevier Science
Pages1-26
Number of pages26
ISBN (Print)0-7623-0960-1
DOIs
Publication statusPublished - 1 Jan 2002

Publication series

SeriesResearch in Labor Economics
NumberVol. 21

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