Using Domain-Specific Word Embeddings to Examine the Demand for Skills

Sugat Chaturvedi, Kanika Mahajan and Zahra Siddique

No 16593, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: We study the demand for skills by using text analysis methods on job descriptions in a large volume of ads posted on an online Indian job portal. We make use of domain-specific unlabeled data to obtain word vector representations (i.e., word embeddings) and discuss how these can be leveraged for labor market research. We start by carrying out a data-driven categorization of required skill words and construct gender associations of different skill categories using word embeddings. Next, we examine how different required skill categories correlate with log posted wages as well as explore how skills demand varies with firm size. We find that female skills are associated with lower posted wages, potentially contributing to observed gender wage gaps. We also find that large firms require a more extensive range of skills, implying that complementarity between female and male skills is greater among these firms.

Keywords: text analysis; online job ads; gender; skills demand; machine learning (search for similar items in EconPapers)
JEL-codes: J16 J23 J31 J63 J71 L2 (search for similar items in EconPapers)
Pages: 60 pages
Date: 2023-11
New Economics Papers: this item is included in nep-big and nep-lma
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Forthcoming - forthcoming in: Research in Labor Economics

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Related works:
Chapter: Using Domain-Specific Word Embeddings to Examine the Demand for Skills (2024)
Working Paper: Using Domain-Specific Word Embeddings to Examine the Demand for Skills (2023)
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