UPSKILLING: DO EMPLOYERS DEMAND GREATER SKILL WHEN WORKERS ARE PLENTIFUL?

• 成果类型: Article
• 署名作者: Modestino, Alicia Sasser; Shoag, Daniel; Ballance, Joshua
• 署名单位: Northeastern University; Harvard University; University System of Ohio; Case Western Reserve University; Federal Reserve System - USA; Federal Reserve Bank - Boston
• 刊物名称: REVIEW OF ECONOMICS AND STATISTICS
• ISSN/ISSBN: 0034-6535
• DOI: 10.1162/rest_a_00835
• 发表日期: 2020-10
• 页码: 793-805
• 关键词: job search; unemployment; BEHAVIOR

摘要

Using a proprietary database of online job postings, we find that education and experience requirements rose during the Great Recession. These increases were larger in states and occupations that experienced greater increases in the supply of available workers. This finding is robust to controlling for local demand conditions and firmxjob-title fixed effects and using a natural experiment arising from troop withdrawals as an exogenous shock to labor supply. Our results imply that the increase in unemployed workers during the Great Recession can account for 18% to 25% of the increase in skill requirements between 2007 and 2010.