Recession-proof skills,cities, and resilience in economic downturns |
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| Authors: | Amanda Weinstein Carlianne Patrick |
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| Institution: | 1. Department of Economics, University of Akron, Akron, Ohio;2. Department of Economics, Georgia State University, Atlanta, Georgia |
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| Abstract: | We provide evidence, by combining Occupational Information Network (O*NET) data with monthly Current Population Survey data from 1990 to 2015, that occupations characterized by high cognitive and people skill requirements are less sensitive to recessions, conditional on educational attainment, industry, and individual characteristics. These results are driven by urban areas, particularly noncollege educated people in urban areas, and vary with city size. Finally, we provide the first evidence that metropolitan areas’ recovery from economic downturns depends upon initial skill composition of occupations in the area. |
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| Keywords: | cities employment recession recovery resilience skill unemployment |
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