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Review of Income and Wealth
Article . 2024 . Peer-reviewed
License: CC BY NC ND
Data sources: Crossref
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Organizational Capital, Skills and Productivity

Authors: Cammeraat, Emile; Samek, Lea; Squicciarini, Mariagrazia;

Organizational Capital, Skills and Productivity

Abstract

This paper studies how industries' investment in organizational capital (OC) and workforce skills relate to productivity, building on OECD estimates of OC, output data from the OECD Structural Analysis (STAN) database, and skill indicators from the OECD Programme for the International Assessment of Adult Competencies (PIAAC). The paper finds that, at the industry level, workers' numeracy and Science, Technology, Engineering and Mathematics (STEM) skills correlate positively with productivity, and that the positive correlation of STEM skills with productivity is generally larger for OC workers. Moreover, dispersion in Information and Communication Technology (ICT) skills harms industry performance. In fact, a gap between the ICT skills of OC and non‐OC workers seems to trigger a “lost in translation” type of mechanism, whereby communication and information flows become less fluid and impinge upon the economic performance of sectors, correlating negatively with productivity.

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Keywords

productivity, ICT; labor productivity; organizational capital; skills; PIAAC, Informationstechnologie, Investition, investment, labor, communication technology, Humankapital, information technology, Kommunikationstechnologie, human capital, Produktivität, Arbeit

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    Top 10%
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
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    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
5
Top 10%
Average
Top 10%
Green
hybrid