Structural Increases in Demand for Skill after the Great Recession
- (pp. 362-65)
Abstract
In this paper, we use detailed job vacancy data to estimate changes in skill demand in the years since the Great Recession. The share of job vacancies requiring a bachelor's degree increased by more than 60 percent between 2007 and 2019, with faster growth in professional occupations and high-wage cities. Since the labor market was becoming tighter over this period, cyclical "upskilling" is unlikely to explain our findings.Citation
Blair, Peter Q., and David J. Deming. 2020. "Structural Increases in Demand for Skill after the Great Recession." AEA Papers and Proceedings, 110: 362-65. DOI: 10.1257/pandp.20201064Additional Materials
JEL Classification
- E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
- E32 Business Fluctuations; Cycles
- I26 Returns to Education
- J23 Labor Demand
- J24 Human Capital; Skills; Occupational Choice; Labor Productivity
- J63 Labor Turnover; Vacancies; Layoffs
- E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity