Full Citation

Title: Do Recessions Accelerate Routine-Biased Technological Change? Evidence from Vacancy Postings

Citation Type: Working Paper

Publication Year: 2016

ISBN:

ISSN:

DOI: 10.3386/w22762

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Abstract: We show that skill requirements in job vacancy postings differentially increased in MSAs that were hit hard by the Great Recession, relative to less hard-hit areas. These increases persist through at least the end of 2015 and are correlated with increases in capital investments, both at the MSA and firm-levels. We also find that effects are most pronounced in routine-cognitive occupations, which exhibit relative wage growth as well. We argue that this evidence is consistent with the restructuring of production toward routine-biased technologies and the more-skilled workers that complement them, and that the Great Recession accelerated this process.

Url: https://www.conference-board.org/data/helpwantedonline.cfm.

Url: http://www.nber.org/papers/w22762.pdf

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Authors: Hershbein, Brad; Kahn, Lisa

Series Title: NBER Working Paper Series

Publication Number: 22762

Institution: National Bureau of Economic Research

Pages:

Publisher Location: Cambridge, MA

Data Collections: IPUMS USA

Topics: Other

Countries: United States