Transferability of Skills across Sectors and Heterogeneous Displacement Costs
利用德国行政数据，估计制造业与其他部门间技能可转移性的新指标，揭示工人跨部门流动时技能转移的异质性及其导致的失业成本差异。
We use rich German administrative data to estimate new measures of skill transferability between manufacturing and other sectors. These measures capture the value of workers' human capital when applied in different sectors and are directly related to workers' displacement costs. We estimate these transferability measures using a selection correction model, which addresses workers' endogenous mobility, and a novel selection instrument based on the social network of workers. Our results indicate substantial heterogeneity in how workers can transfer their skills when they move across sectors, which implies heterogeneous displacement costs that depend on the sector to which workers reallocate.