Technological Change and the Consequences of Job Loss?

• 成果类型: Article
• 署名作者: Braxton, Carter; Taska, Bledi
• 署名单位: University of Wisconsin System; University of Wisconsin Madison
• 刊物名称: AMERICAN ECONOMIC REVIEW
• ISSN/ISSBN: 0002-8282
• DOI: 10.1257/aer.20210182
• 发表日期: 2023
• 页码: 279-316
• 关键词: earnings losses; LABOR; unemployment; INEQUALITY; workers; GROWTH; recessions; computers; DYNAMICS; creation

摘要

We examine the role of technological change in explaining the large and persistent decline in earnings following job loss. Using detailed skill requirements from the near universe of online vacancies, we estimate technological change by occupation and find that techno-logical change accounts for 45 percent of the decline in earnings after job loss. Technological change lowers earnings after job loss by requiring workers to have new skills to perform newly created jobs in their prior occupation. When workers lack the required skills, they move to occupations where their skills are still employable but are paid a lower wage.