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Is modern technology responsible for jobless recoveries?

Graetz, Georg and Michaels, Guy (2017) Is modern technology responsible for jobless recoveries? American Economic Review, 107 (5). pp. 168-173. ISSN 0002-8282

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Identification Number: 10.1257/aer.p20171100

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.

Item Type: Article
Official URL: https://www.aeaweb.org/journals/aer/about-aer/pape...
Additional Information: © 2017 American Economic Association
Divisions: Economics
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HD Industries. Land use. Labor
Sets: Departments > Economics
Date Deposited: 19 Jan 2017 12:41
Last Modified: 20 Jul 2019 02:28
URI: http://eprints.lse.ac.uk/id/eprint/68914

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