Job Polarization and Jobless Recoveries | Zendy

Nir Jaimovich | Zendy; Henry Siu | Zendy

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Job Polarization and Jobless Recoveries

Author(s) -

Nir Jaimovich,

Henry Siu

Publication year - 2019

Publication title -

the review of economics and statistics

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 8.999

H-Index - 165

eISSN - 1530-9142

pISSN - 0034-6535

DOI - 10.1162/rest_a_00875

Subject(s) - recession , economics , job loss , labour economics , polarization (electrochemistry) , unemployment , demographic economics , keynesian economics , macroeconomics , chemistry

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.

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