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Job Polarization and Jobless Recoveries

2019; The MIT Press; Volume: 102; Issue: 1 Linguagem: Inglês

10.1162/rest_a_00875

1530-9142

Nir Jaimovich, Henry Siu,

Firm Innovation and Growth

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.