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
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: |
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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: |
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URI: | http://kups.ub.uni-koeln.de/id/eprint/32219 |
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