| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28668 |
| 来源ID | Working Paper 28668 |
| Surviving the Fintech Disruption | |
| Wei Jiang; Yuehua Tang; Rachel (Jiqiu) Xiao; Vincent Yao | |
| 发表日期 | 2021-05-03 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | This paper studies how demand for labor reacts to financial technology (fintech) shocks based on comprehensive databases of fintech patents and firm job postings in the U.S. during the past decade. We first develop a measure of fintech exposure at the occupation level by intersecting the textual information in job task descriptions and fintech patents. We then document a significant decline of job postings in the most exposed occupations, and an increase in industry as well as geographical concentration of these occupations. Firms resort to an upskilling strategy in face of the fintech disruption, requiring “combo” (finance and software) skills, higher education attainments, and longer work experiences in the hiring of fintech-exposed jobs. Financial firms and those with high innovation outputs are able to offset the disruptive effect from the fintech shock. Among innovating firms, however, only inventors (but not acquisition-driven innovators) experience growth in hiring, sales, investment, and enjoy better returns on assets. |
| 主题 | Financial Economics ; Corporate Finance ; Labor Economics ; Labor Supply and Demand ; Development and Growth ; Innovation and R& ; D |
| URL | https://www.nber.org/papers/w28668 |
| 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/586396 |
| 推荐引用方式 GB/T 7714 | Wei Jiang,Yuehua Tang,Rachel ,et al. Surviving the Fintech Disruption. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w28668.pdf（1075KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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