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Disappearing middle class: job polarization and policy approaches


Jaimovich, Nir (2020). Disappearing middle class: job polarization and policy approaches. UBS Center Public Paper Series 8, University of Zurich.

Abstract

The creeping hollowing out of the middle class and the simultaneous rise of automation have become hotly debated topics in the popular media and among policymakers, and there is certainly no shortage of dire predictions about the ascent of robots and subsequent obsolescence of workers. But – doomsday prophecies aside – what are the facts? What is happening to workers, specifically middle-class ones? And, from a policy perspective, what can (or should) be done to address this fundamental shift in who – or what – does which jobs?
This Public Paper tackles these questions head-on. We first identify the types of individuals who are likely to work in middle-class occupations and track how they act on the labor market outcomes. Then we evaluate policies proposed in recent years that have been aimed at combating the labor market malaise middle-class workers have experienced.

Abstract

The creeping hollowing out of the middle class and the simultaneous rise of automation have become hotly debated topics in the popular media and among policymakers, and there is certainly no shortage of dire predictions about the ascent of robots and subsequent obsolescence of workers. But – doomsday prophecies aside – what are the facts? What is happening to workers, specifically middle-class ones? And, from a policy perspective, what can (or should) be done to address this fundamental shift in who – or what – does which jobs?
This Public Paper tackles these questions head-on. We first identify the types of individuals who are likely to work in middle-class occupations and track how they act on the labor market outcomes. Then we evaluate policies proposed in recent years that have been aimed at combating the labor market malaise middle-class workers have experienced.

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Additional indexing

Item Type:Working Paper
Communities & Collections:03 Faculty of Economics > Department of Economics
03 Faculty of Economics > UBS International Center of Economics in Society
Working Paper Series > UBS Center Public Paper Series
Dewey Decimal Classification:330 Economics
Language:English
Date:March 2020
Deposited On:14 May 2020 08:23
Last Modified:14 May 2020 08:23
Series Name:UBS Center Public Paper Series
Number of Pages:27
OA Status:Green
Official URL:https://www.ubscenter.uzh.ch/de/publikationen/public_papers/disappearing-middle-class.html

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