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Type	Working Paper
Scope	Discipline-based scholarship
Title	The value of specific skills under shock: High risks and high returns
Organization Unit	Empirical Research in Business, Industrial Relations and Human Resource Management (Uschi Backes-Gellner)
Authors	Christian Eggenberger Simon Janssen Uschi Backes-Gellner
Language	English
Institution	University of Zurich
Series Name	Swiss Leading House Economics of Education Working Paper
Number	158
Date	2019
Abstract Text	We study the causal effects of negative and positive demand shocks on the returns to specific skills by using variation from international trade shocks. To measure specific skills, we use task information from an o cial data set for career guidance and merge this information with a large register data set. Our results show that negative demand shocks result in larger earnings losses for workers with specific skills than for those with general skills, but workers with specific skills also profit much more from positive demand shocks. Thus, demand shocks lead to risk-return trade-offs for workers with specific skills.
Other Identification Number	merlin-id:17936
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