Routine-Biased Technological Change and Hours Worked over the Business Cycle
Sebastien Bock () and
Idriss Fontaine ()
Working Papers from HAL
Technological change has been biased towards replacing routine labor over the past four decades. We study the implications of those shifts in the task composition of labor demand over the business cycle. We build quarterly time series on hours worked and task premiums from the CPS and assess the e_ects of routine-biased technological change by estimating a VAR model with long-run exclusion and sign restrictions. The decline in total hours worked is driven by routine-biased technology shocks through a decline in routine hours. These shocks appear quantitatively relevant and generate recognizable aggregate uctuations pointing out their relevance to business cycles.
Keywords: Routine-biased technological change; Job polarization; VAR; Long- run restrictions; Hours worked; Business cycle (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-mac and nep-tid
Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-02982145
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Working Paper: Routine-Biased Technological Change and Hours Worked over the Business Cycle (2020)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:hal:wpaper:halshs-02982145
Access Statistics for this paper
More papers in Working Papers from HAL
Bibliographic data for series maintained by CCSD ().