What happens to people's careers when demand for their occupations declines, often as a result of technological change? Guy Michaels and colleagues' analysis of detailed occupational data on Swedish workers over several decades indicates that while average losses in earnings and employment are relatively moderate, low-earners lose significantly more.

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1 November 2019     Paper Number CEPCP561

Download PDF - When machines replace people: individual consequences of occupational decline

This CentrePiece article is published under the centre's Labour programme.