Premium
Recession‐proof skills, cities, and resilience in economic downturns
Author(s) -
Weinstein Amanda,
Patrick Carlianne
Publication year - 2020
Publication title -
journal of regional science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.171
H-Index - 79
eISSN - 1467-9787
pISSN - 0022-4146
DOI - 10.1111/jors.12446
Subject(s) - metropolitan area , recession , educational attainment , resilience (materials science) , current population survey , great recession , psychological resilience , population , survey data collection , economics , demographic economics , geography , labour economics , economic growth , psychology , sociology , demography , social psychology , macroeconomics , statistics , physics , mathematics , archaeology , thermodynamics
We provide evidence, by combining Occupational Information Network (O*NET) data with monthly Current Population Survey data from 1990 to 2015, that occupations characterized by high cognitive and people skill requirements are less sensitive to recessions, conditional on educational attainment, industry, and individual characteristics. These results are driven by urban areas, particularly noncollege educated people in urban areas, and vary with city size. Finally, we provide the first evidence that metropolitan areas’ recovery from economic downturns depends upon initial skill composition of occupations in the area.