Abstract:

CentrePiece Article
In brief... Is technology to blame for jobless recoveries?
Georg Graetz and Guy Michaels
March 2017
Paper No' CEPCP496:
Full Paper

CentrePiece 22 (1) Spring 2017

JEL Classification: E32; J23; O33

Tags: job polarization; jobless recoveries; routine-biased technological change; robots

Since the early 1990s, the United States has been plagued by weak employment growth when emerging from recessions – so-called ‘jobless recoveries’. Georg Graetz and Guy Michaels look at multiple recoveries elsewhere in the world over a 40-year period to see if the same applies – and whether modern technology is responsible.

This article summarises ‘Is Modern Technology Responsible for Jobless Recoveries?’ by Georg Graetz and Guy Michaels, CEP Discussion Paper No. 1461, January 2017