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LABOR DEMAND AND THE MACROECONOMY

Authors: Li, Elmer;

LABOR DEMAND AND THE MACROECONOMY

Abstract

197 pages ; My research lies at the intersection of macroeconomics and labor economics, with a particular focus on the demand side of the labor market. Broadly, my work can be characterized as that of an applied macroeconomist studying labor economic issues by applying macroeconomic models and applied labor tools. I combine rich empirical analyses with models of heterogeneous workers that incorporate labor market dynamics, firm dynamics, and macroeconomic outcomes to investigate the research questions. I discuss three chapters of my ongoing projects in this dissertation. In the first chapter, using worker surveys and online job posting data, I document that the U.S. economy has seen a substantial increase in the mixing of skill requirements from 2005-2018, both for incumbent jobs and newly posted vacancies. American workers increasingly work in occupations that demand mixtures of analytical, computer, and interpersonal skills rather than specializing in one of them, even within granular occupations. This change occurred primarily in low- to medium-wage occupations, and workers in occupations that increasingly mix non-routine skills, or those with a broader set of these skills earn a wage premium. In the second chapter, I build a multi-dimensional directed search and matching model with two-sided heterogeneity and endogenous choices to understand the sources of skill mixing shifts,. In this framework, firms optimally choose occupa- tions’ skill intensities before producing with a worker. Simultaneously, workers make decisions about their jobs as well as their life-time skill development trajectories. Counterfactual analysis shows that the rise in the complementarity of skills in production and in the cost of skills for occupation operation are the main drivers of skill mixing shifts and the corresponding wage and employment dynamics in this period. In the third chapter, I study the spatial general equilibrium and redistribution effects of e-commerce on different local labor markets from a trade perspective based ...

Country
United States
Related Organizations
Keywords

skill demand, inequality, 330, occupations, search and matching model, technological changes, trade

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
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