Veren of Lood (Holland):
Econmoische aanraders/Economic recommendations
14 May 2017
Recommends:
Jobless recoveries: Exploring technology’s role – Georg Graetz, Guy Michaels - 13 mei
Recoveries from recessions in the US used to involve rapid job generation, but job growth has failed to match GDP recovery after recent US recessions. This column examines the role of technology in this and asks whether jobless recoveries are a wider problem outside of the US. In the US, industries that are more prone to technological change experienced slower job growth during recent recoveries, but it appears unlikely that modern technologies are causing jobless recoveries outside of the US. This poses a puzzle as to the nature of recent jobless US recoveries.
Related article
‘Jobless recoveries: Exploring technology’s role’, Georg Graetz and Guy Michaels, Vox blog, 13 May
Recoveries from recessions in the US used to involve rapid job generation, but job growth has failed to match GDP recovery after recent US recessions. This column examines the role of technology in this and asks whether jobless recoveries are a wider problem outside of the US. In the US, industries that are more prone to technological change experienced slower job growth during recent recoveries, but it appears unlikely that modern technologies are causing jobless recoveries outside of the US. This poses a puzzle as to the nature of recent jobless US recoveries.
http://voxeu.org/article/jobless-recoveries-exploring-technologys-role
Related publications
In brief... Is technology to blame for jobless recoveries? Georg Graetz and Guy Michaels. Article in CentrePiece 22 (1) Spring 2017