Fiscal Policy and Occupational Employment Dynamics
研究了美国政府支出冲击下不同职业就业反应的显著差异，发现服务、销售和办公类职业就业增长最强，而蓝领职业几乎不受影响，并构建模型解释这一现象。
Abstract We document substantial heterogeneity in occupational employment dynamics in response to government spending shocks in the United States. Employment rises most strongly in service, sales, and office (“pink‐collar”) occupations. By contrast, employment in blue‐collar occupations is hardly affected by fiscal policy. We provide evidence that occupation‐specific changes in labor demand are key for understanding these findings. We develop a business‐cycle model that explains the heterogeneous occupational employment dynamics as a consequence of composition effects due to heterogeneous employment changes across industries and occupation‐specific within‐industry employment shifts due to differences in the short‐run substitutability between labor and capital services across occupations.