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Job polarization and jobless recoveries


Jaimovich, Nir; Siu, Henry E (2020). Job polarization and jobless recoveries. The Review of Economics and Statistics, 102(1):129-147.

Abstract

Job polarization refers to the shrinking share of employment in middle-skill, routine occupations experienced over the past 35 years. Jobless recoveries refers to the slow rebound in aggregate employment following recent recessions despite recoveries in aggregate output. We show how these two phenomena are related. First, essentially all employment loss in routine occupations occurs in economic downturns. Second, jobless recoveries in the aggregate can be accounted for by jobless recoveries in the routine occupations that are disappearing.

Abstract

Job polarization refers to the shrinking share of employment in middle-skill, routine occupations experienced over the past 35 years. Jobless recoveries refers to the slow rebound in aggregate employment following recent recessions despite recoveries in aggregate output. We show how these two phenomena are related. First, essentially all employment loss in routine occupations occurs in economic downturns. Second, jobless recoveries in the aggregate can be accounted for by jobless recoveries in the routine occupations that are disappearing.

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Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:03 Faculty of Economics > Department of Economics
Dewey Decimal Classification:330 Economics
Scopus Subject Areas:Social Sciences & Humanities > Social Sciences (miscellaneous)
Social Sciences & Humanities > Economics and Econometrics
Uncontrolled Keywords:Economics and econometrics, social sciences (miscellaneous), job polarization, jobless recovery, routine occupations, business cycle
Language:English
Date:1 March 2020
Deposited On:12 Feb 2020 14:18
Last Modified:22 Apr 2020 23:08
Publisher:MIT Press
ISSN:0034-6535
OA Status:Closed
Publisher DOI:https://doi.org/10.1162/rest_a_00875

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Content: Published Version
Language: English
Filetype: PDF - Registered users only until 19 October 2020
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Embargo till: 2020-10-19