Skill Requirements across Firms and Labor Markets: Evidence from Job Postings for Professionals

David Deming and Lisa Kahn

No 23328, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: We study variation in skill demands for professionals across firms and labor markets. We categorize a wide range of keywords found in job ads into ten general skills. There is substantial variation in these skill requirements, even within narrowly defined occupations. Focusing particularly on cognitive and social skills, we find positive correlations between each skill and external measures of pay and firm performance. We also find evidence of a cognitive social-skill complementarity for both outcomes. As a whole, the job skills have explanatory power in pay and firm performance regressions, beyond what is available in widely-used labor market data.

JEL-codes: F1 F16 (search for similar items in EconPapers)
Date: 2017-04
New Economics Papers: this item is included in nep-lab
Note: LS
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Citations: View citations in EconPapers (24)

Published as Skill Requirements across Firms and Labor Markets: Evidence from Job Postings for Professionals , David Deming, Lisa B. Kahn. in Firms and the Distribution of Income: The Roles of Productivity and Luck , Lazear and Shaw. 2018
Published as David Deming & Lisa B. Kahn, 2018. "Skill Requirements across Firms and Labor Markets: Evidence from Job Postings for Professionals," Journal of Labor Economics, vol 36(S1), pages S337-S369.

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Related works:
Working Paper: Skill Requirements across Firms and Labor Markets: Evidence from Job Postings for Professionals (2017)
Chapter: Skill Requirements across Firms and Labor Markets: Evidence from Job Postings for Professionals (2015)
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