Is Modern Technology Responsible for Jobless Recoveries?

S-Tier
Journal: American Economic Review
Year: 2017
Volume: 107
Issue: 5
Pages: 168-73

Score contribution per author:

4.022 = (α=2.01 / 2 authors) × 4.0x S-tier

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

Abstract

Since the early 1990s, recoveries from recessions in the US have been plagued by weak employment growth. We investigate whether a similar problem afflicts other developed economies, and whether technology is a culprit. We study recoveries from 71 recessions in 28 industries and 17 countries from 1970-2011. We find that though GDP recovered more slowly after recent recessions, employment did not. Industries that used more routine tasks, and those more exposed to robotization, did not recently experience slower employment recoveries. Finally, middle-skill employment did not recover more slowly after recent recessions, and this pattern was no different in routine-intensive industries.

Technical Details

RePEc Handle
repec:aea:aecrev:v:107:y:2017:i:5:p:168-73
Journal Field
General
Author Count
2
Added to Database
2026-01-25