Unemployment, Skills, and the Business Cycle Since 2000

Chad Sparber and Jasmine Sijie Fan ()
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Jasmine Sijie Fan: Department of Economics, Colgate University

No 2011-04, Working Papers from Department of Economics, Colgate University

Abstract: This paper employs reduced-form microeconometric analysis to examine how yearly changes in aggregate income and GDP growth affect the unemployment probability of individuals with varied skills in the United States. The paper goes beyond traditional education-based measures and assesses how manual, communication, and quantitative skills affect the relationship between macroeconomic shocks and unemployment. Workers specialized in communication skills exhibit lower unemployment rates, reduced unemployment volatility, and less sensitivity to macroeconomic fluctuations.

Keywords: Unemployment; Skills; Business Cycle; Macroeconomic Shocks; GDP (search for similar items in EconPapers)
JEL-codes: E24 E32 J21 J24 J64 (search for similar items in EconPapers)
Date: 2011-11-01, Revised 2012-09-12
New Economics Papers: this item is included in nep-bec, nep-lab and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:cgt:wpaper:2011-04

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