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The Great Reversal in the Demand for Skill and Cognitive Tasks

Paul Beaudry (), David Green () and Benjamin Sand ()

Journal of Labor Economics, 2016, vol. 34, issue S1, S199 - S247

Abstract: This paper argues that several of the poor labor market outcomes observed in the Great Recession can be traced back to a change in the demand pattern for skilled workers that started with the tech bust of 2000. In particular, we show that around the year 2000, the demand for cognitive tasks underwent a reversal. In response, high-skilled workers moved down the occupational ladder and increasingly displaced lower-educated workers in less skill-intensive jobs. While these effects were present before the financial crisis of 2008, they became more obvious after jobs associated with the housing bubble disappeared.

Date: 2016
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Related works:
Chapter: The Great Reversal in the Demand for Skill and Cognitive Tasks (2013)
Working Paper: The great reversal in the demand for skill and cognitive tasks (2013) Downloads
Working Paper: The great reversal in the demand for skill and cognitive tasks (2013) Downloads
Working Paper: The Great Reversal in the Demand for Skill and Cognitive Tasks (2013) Downloads
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