The cyclical component of labor market polarization and jobless recoveries in the US

A-Tier
Journal: Journal of Monetary Economics
Year: 2020
Volume: 116
Issue: C
Pages: 334-347

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Based on quarterly occupation-level data from the US Current Population Survey for 1976–2013, we exploit common cyclical employment dynamics to identify two clusters of occupations that roughly correspond to the widely discussed notion of “routine” and “non-routine” jobs. After decomposing the cyclical dynamics into a cluster-specific (“structural”) and an occupation-specific (“idiosyncratic”) component, we detect significant structural breaks in the systematic dynamics of both clusters around 1990. We show that, absent these breaks, employment in the three “jobless recoveries” since 1990 would have recovered significantly more strongly than observed in the data, even after controlling for observed idiosyncratic shocks.

Technical Details

RePEc Handle
repec:eee:moneco:v:116:y:2020:i:c:p:334-347
Journal Field
Macro
Author Count
2
Added to Database
2026-01-25