Replication data for: Do Recessions Accelerate Routine-Biased Technological Change? Evidence from Vacancy Postings

Principal Investigator(s): View help for Principal Investigator(s) Brad Hershbein; Lisa B. Kahn

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Project Citation:

Hershbein, Brad, and Kahn, Lisa B. Replication data for: Do Recessions Accelerate Routine-Biased Technological Change? Evidence from Vacancy Postings. Nashville, TN: American Economic Association [publisher], 2018. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113166V1

Project Description

Summary: We show that skill requirements in job vacancy postings differentially increased in MSAs that were hit hard by the Great Recession, relative to less hard-hit areas. These increases persist through at least the end of 2015 and are correlated with increases in capital investments, both at the MSA and firm levels. We also find that effects are most pronounced in routine-cognitive occupations, which exhibit relative wage growth as well. We argue that this evidence is consistent with the restructuring of production toward routine-biased technologies and the more-skilled workers that complement them, and that the Great Recession accelerated this process.

Scope of Project

JEL Classification:
      E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
      E32 Business Fluctuations; Cycles
      J24 Human Capital; Skills; Occupational Choice; Labor Productivity
      J31 Wage Level and Structure; Wage Differentials
      J63 Labor Turnover; Vacancies; Layoffs
      L23 Organization of Production
      O33 Technological Change: Choices and Consequences; Diffusion Processes

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Published Versions

V1 [2019-10-12]

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