| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w21030 |
| 来源ID | Working Paper 21030 |
| Labor Market Polarization Over the Business Cycle | |
| Christopher L. Foote; Richard W. Ryan | |
| 发表日期 | 2015-03-23 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | Job losses during the Great Recession were concentrated among middle-skill workers, the same group that over the long run has suffered the most from automation and international trade. How might long-run occupational polarization be related to cyclical changes in middle-skill employment? We find that middle-skill occupations have traditionally been more cyclical than other occupations, in part because of the volatile industries that tend to employ middle-skill workers. Unemployed middle-skill workers also appear to have few attractive or feasible employment alternatives outside of their skill class, and the drop in male participation rates during the past several decades can be explained in part by an erosion of middle-skill job opportunities. Taken together, these results imply that a formal labor market model relating polarization to middle-skill employment fluctuations should include industry-level employment effects and a labor force participation margin as well as pure job-search considerations. The results thus provide encouragement for a growing literature that integrates "macro-labor" search models with "macro-macro" models featuring differential industry cyclicalities and convex preferences over consumption and leisure. |
| 主题 | Macroeconomics ; Consumption and Investment ; Labor Economics ; Labor Supply and Demand ; Unemployment and Immigration |
| URL | https://www.nber.org/papers/w21030 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/578702 |
| 推荐引用方式 GB/T 7714 | Christopher L. Foote,Richard W. Ryan. Labor Market Polarization Over the Business Cycle. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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