Documents Kroeger, Thilo 2 results

"Germany is at the onset of a profound structural change that will have a lasting impact on the dynamics of productivity and economic growth. Global megatrends such as changes in international trade, digitalisation, decarbonisation and demographic change will accelerate structural change and have far-reaching consequences for productivity growth, the international competitiveness of the German economy and the dynamics of the labour market. The challenges lie, among other things, in securing long-term innovation and productivity growth."
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"The German labor market has undergone profound changes over the last decades. For a long time, the debate on structural change focused on the shift from manufacturing industries to services. This Weekly Report highlights that labor market changes are attributable to three developments: In addition to structural change, i.e., sectoral shifts, key drivers are an
occupational shift toward service-related activities (known as servitization) and the increasing demand for higher-skilled workers (known as skill-biased change). Based on administrative data for the years 1975 to 2017, it can be shown that only about two-thirds of the decline in employment in the manufacturing sector can be attributed to traditional structural change. A significant proportion is attributable to servitization and skill-biased change. Further, to capture labor market changes, a sectoral analysis alone is not enough. Concrete job profiles and skills, especially analytical and interactive abilities, are crucial. Labor market and continuing education policies should therefore have a greater orientation towards job profiles and
regional conditions to accompany the transformation in a socially acceptable manner."