New stylized facts on occupational employment and their implications: Evidence from consistent employment data

doi:10.1016/j.econmod.2016.08.006

CORC > 上海财经大学 > 上海财经大学

	New stylized facts on occupational employment and their implications: Evidence from consistent employment data
	Shim, Myungkyu 1,2; Yang, Hee-Seung 3
刊名	ECONOMIC MODELLING
	2016-12
卷号	59 页码:402-415
关键词	Business cycle property Occupational employment Consistent data Conversion factor VAR Employment volatility
ISSN号	0264-9993
DOI	10.1016/j.econmod.2016.08.006
英文摘要	The business cycle properties of occupational employment have not yet been extensively explored because of inconsistencies in the aggregate employment series by occupation. Using consistent aggregate hours data constructed through the method of "conversion factors," which was developed by the U.S. Census Bureau, we provide new empirical facts on the cyclical behaviors of occupational employment and discuss their implications. First, employment of the middle-skill occupation group is negatively affected by a technology shock, while those of high-skill and low-skill groups are positively correlated with it. Second, it is the middle-skill group that experiences the largest decline in employment volatility after the mid-1980s. Last, recessions since the 1980s have heterogeneous impacts on different occupations, defining the characteristics of each recession. We further discuss the value of having consistent employment data in studies of business cycles. (C) 2016 Elsevier B.V. All rights reserved.
WOS研究方向	Business & Economics
语种	英语
出版者	ELSEVIER SCIENCE BV
WOS记录号	WOS:000387191500034
内容类型	期刊论文
源URL	[http://10.2.47.112/handle/2XS4QKH4/1164]
专题	上海财经大学
通讯作者	Shim, Myungkyu
作者单位	1.Shanghai Univ Finance & Econ, Shanghai, Peoples R China; 2.Sogang Univ, Seoul, South Korea; 3.Monash Univ, Monash Business Sch, Wellington Rd, Clayton, Vic 3800, Australia
推荐引用方式 GB/T 7714	Shim, Myungkyu,Yang, Hee-Seung. New stylized facts on occupational employment and their implications: Evidence from consistent employment data[J]. ECONOMIC MODELLING,2016,59:402-415.
APA	Shim, Myungkyu,&Yang, Hee-Seung.(2016).New stylized facts on occupational employment and their implications: Evidence from consistent employment data.ECONOMIC MODELLING,59,402-415.
MLA	Shim, Myungkyu,et al."New stylized facts on occupational employment and their implications: Evidence from consistent employment data".ECONOMIC MODELLING 59(2016):402-415.