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Structural Increases in Demand for Skill after the Great Recession

Author

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  • Peter Q. Blair
  • David J. Deming

Abstract

In this paper, we use detailed job vacancy data to estimate changes in skill demand in the years since the Great Recession. The share of job vacancies requiring a bachelor's degree increased by more than 60 percent between 2007 and 2019, with faster growth in professional occupations and high-wage cities. Since the labor market was becoming tighter over this period, cyclical "upskilling" is unlikely to explain our findings.

Suggested Citation

  • Peter Q. Blair & David J. Deming, 2020. "Structural Increases in Demand for Skill after the Great Recession," AEA Papers and Proceedings, American Economic Association, vol. 110, pages 362-365, May.
    • Handle: RePEc:aea:apandp:v:110:y:2020:p:362-65
    DOI: 10.1257/pandp.20201064
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    Citations

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    Cited by:

    1. Colja Schneck, 2021. "Trends in Wage Inequality in the Netherlands," De Economist, Springer, vol. 169(3), pages 253-289, August.
    2. David Evans & Claire Mason & Haohui Chen & Andrew Reeson, 2024. "Accelerated demand for interpersonal skills in the Australian post-pandemic labour market," Nature Human Behaviour, Nature, vol. 8(1), pages 32-42, January.
    3. Kakuho Furukawa & Yoshihiko Hogen & Yosuke Kido, "undated". "Labor Market of Regular Workers in Japan: A Perspective from Job Advertisement Data," Bank of Japan Working Paper Series 23-E-7, Bank of Japan.
    4. Alekseeva, Liudmila & Azar, José & Giné, Mireia & Samila, Sampsa & Taska, Bledi, 2021. "The demand for AI skills in the labor market," Labour Economics, Elsevier, vol. 71(C).
    5. Morgan Raux, 2019. "Looking for the "Best and Brightest": Hiring difficulties and high-skilled foreign workers," AMSE Working Papers 1934, Aix-Marseille School of Economics, France.
    6. Lyu, Wenjing & Liu, Jin, 2021. "Soft skills, hard skills: What matters most? Evidence from job postings," Applied Energy, Elsevier, vol. 300(C).
    7. Bennett, Fidel & Escudero, Verónica & Liepmann, Hannah & Podjanin, Ana, 2022. "Using Online Vacancy and Job Applicants' Data to Study Skills Dynamics," VfS Annual Conference 2022 (Basel): Big Data in Economics 264023, Verein für Socialpolitik / German Economic Association.
    8. Costanza Naguib, 2022. "Financial Turmoil and Earnings Mobility," Diskussionsschriften dp2208, Universitaet Bern, Departement Volkswirtschaft.
    9. Maciej Berk{e}sewicz & Herman Cherniaiev & Robert Pater, 2021. "Estimating the number of entities with vacancies using administrative and online data," Papers 2106.03263, arXiv.org.
    10. Peter Q. Blair & Tomas G. Castagnino & Erica L. Groshen & Papia Debroy & Byron Auguste & Shad Ahmed & Fernando Garcia Diaz & Cristian Bonavida, 2020. "Searching for STARs: Work Experience as a Job Market Signal for Workers without Bachelor's Degrees," NBER Working Papers 26844, National Bureau of Economic Research, Inc.
    11. Tho Pham & Oleksandr Talavera & Zhuangchen Wu, 2023. "Labor Markets during War Time: Evidence from Online Job Ads," Discussion Papers 23-03, Department of Economics, University of Birmingham.

    More about this item

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • I26 - Health, Education, and Welfare - - Education - - - Returns to Education
    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

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