Structural Increases in Skill Demand after the Great Recession
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.
Thank you to Nicole Fortin, Brad Hershbein, Lawrence Katz, Melissa Kearney and other participants at the 2020 ASSA meetings for helpful comments, and for Bledi Taska and the team at Burning Glass Technologies for generously sharing their data. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.
Peter Q. Blair & David J. Deming, 2020. "Structural Increases in Demand for Skill after the Great Recession," AEA Papers and Proceedings, vol 110, pages 362-365.