Is modern technology responsible for jobless recoveries?

Georg Graetz and Guy Michaels

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

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.

JEL-codes: J01 N0 R14 (search for similar items in EconPapers)
Date: 2017-05-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (37)

Published in American Economic Review, 1, May, 2017, 107(5), pp. 168-173. ISSN: 0002-8282

Downloads: (external link)
http://eprints.lse.ac.uk/68914/ Open access version. (application/pdf)

Related works:
Journal Article: Is Modern Technology Responsible for Jobless Recoveries? (2017)
Working Paper: Is modern technology responsible for jobless recoveries? (2017)
Working Paper: Is Modern Technology Responsible for Jobless Recoveries? (2017)
Working Paper: Is modern technology responsible for joblessrecoveries? (2017)
Working Paper: Is Modern Technology Responsible for Jobless Recoveries? (2017)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:68914

Access Statistics for this paper

More papers in LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library LSE Library Portugal Street London, WC2A 2HD, U.K.. Contact information at EDIRC.
Bibliographic data for series maintained by LSERO Manager ().