Universität zu Köln

Bredemeier, Christian ORCID: 0000-0002-7358-6992, Juessen, Falko and Winkler, Roland (2020). Fiscal Policy and Occupational Employment Dynamics. J. Money Credit Bank., 52 (6). S. 1527 - 1564. HOBOKEN: WILEY. ISSN 1538-4616

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Abstract

We document substantial heterogeneity in occupational employment dynamics in response to government spending shocks in the United States. Employment rises most strongly in service, sales, and office (pink-collar) occupations. By contrast, employment in blue-collar occupations is hardly affected by fiscal policy. We provide evidence that occupation-specific changes in labor demand are key for understanding these findings. We develop a business-cycle model that explains the heterogeneous occupational employment dynamics as a consequence of composition effects due to heterogeneous employment changes across industries and occupation-specific within-industry employment shifts due to differences in the short-run substitutability between labor and capital services across occupations.

Item Type:	Journal Article
Creators:	Creators Email ORCID ORCID Put Code Bredemeier, Christian UNSPECIFIED orcid.org/0000-0002-7358-6992 UNSPECIFIED Juessen, Falko UNSPECIFIED UNSPECIFIED UNSPECIFIED Winkler, Roland UNSPECIFIED UNSPECIFIED UNSPECIFIED
URN:	urn:nbn:de:hbz:38-322190
DOI:	10.1111/jmcb.12627
Journal or Publication Title:	J. Money Credit Bank.
Volume:	52
Number:	6
Page Range:	S. 1527 - 1564
Date:	2020
Publisher:	WILEY
Place of Publication:	HOBOKEN
ISSN:	1538-4616
Language:	English
Faculty:	Unspecified
Divisions:	Unspecified
Subjects:	no entry
Uncontrolled Keywords:	Keywords Language AMERICAN RECOVERY; SHOCKS; MONETARY; MOBILITY; STIMULUS; MODEL; POLARIZATION; MULTIPLIERS; CONSUMPTION; GROWTH Multiple languages Business, Finance; Economics Multiple languages
URI:	http://kups.ub.uni-koeln.de/id/eprint/32219