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In brief... Is technology to blame for jobless recoveries?

Author

Listed:
  • Georg Graetz
  • Guy Michaels

Abstract

Since the early 1990s, the United States has been plagued by weak employment growth when emerging from recessions - so-called 'jobless recoveries'. Georg Graetz and Guy Michaels look at multiple recoveries elsewhere in the world over a 40-year period to see if the same applies - and whether modern technology is responsible.

Suggested Citation

  • Georg Graetz & Guy Michaels, 2017. "In brief... Is technology to blame for jobless recoveries?," CentrePiece - The magazine for economic performance 496, Centre for Economic Performance, LSE.
    • Handle: RePEc:cep:cepcnp:496
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    File URL: https://cep.lse.ac.uk/pubs/download/cp496.pdf
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    More about this item

    Keywords

    job polarization; jobless recoveries; routine-biased technological change; robots;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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