Occupational upgrading and the business cycle

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dc.contributor.author Devereux, Paul J.
dc.date.accessioned 2008-07-09T16:25:47Z
dc.date.available 2008-07-09T16:25:47Z
dc.date.copyright Copyright 2002 CEIS Fondazione Giacomo Brodolini and Blackwell Publishers Limited en
dc.date.issued 2002
dc.identifier.citation Labour en
dc.identifier.issn 1121-7081
dc.identifier.uri http://hdl.handle.net/10197/315
dc.description.abstract Many economics theories suggest that the assignment of workers to occupations changes over the business cycle: expansions allow workers to upgrade to occupations that pay higher wages and require more skill. This paper provides some empirical evidence from the USA that such upgrading does occur and that, as predicted, it has greater effects on less‐skilled individuals. Furthermore, the skill composition of new hires changes over the business cycle, even within occupations. Consistent with a job competition model, the education levels of new hires within occupations are higher when the unemployment rate is high and this effect is more pronounced in lower‐paying occupations. The changes in assignment imply that low‐skilled individuals suffer most from recessions in terms of occupation quality and unemployment. The results are consistent with employers responding to a greater supply of educated workers by increasing hiring standards, and so imply that the social return to education may be lower than the private return. However, the results are also consistent with more neo‐classical models of the labor market. en
dc.format.extent 4640 bytes
dc.format.mimetype application/pdf
dc.language.iso en en
dc.publisher Blackwell en
dc.rights.uri Publisher's copyright policy en
dc.rights.uri www.blackwellpublishing.com/static/journal_rights.asp?site=1 en
dc.subject.lcsh Business cycles en
dc.subject.lcsh Occupational mobility en
dc.subject.lcsh Labor market en
dc.title Occupational upgrading and the business cycle en
dc.type Journal Article en
dc.internal.authorurl Paul J. Devereux (web page) en
dc.internal.authorurl http://www.ucd.ie/economics/staff/devereux/paul.devereux.htm en
dc.internal.authorcontactother Email: devereux@ucd.ie; Tel: 353 1 716 8279 en
dc.internal.authorid UCD0006 en
dc.internal.availability Full text not available en
dc.internal.webversions Publisher's version en
dc.internal.webversions http://dx.doi.org/10.1111/1467-9914.00202 en
dc.status Peer reviewed en
dc.identifier.volume 16 en
dc.identifier.issue 3 en
dc.identifier.startpage 423 en
dc.identifier.endpage 452 en
dc.identifier.doi 10.1111/1467-9914.00202
dc.neeo.contributor Devereux|Paul J.|aut|UCD0006


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