Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/109702
Authors: 
Sasser Modestino, Alicia
Shoag, Daniel
Ballance, Joshua
Year of Publication: 
2014
Series/Report no.: 
Working Papers, Federal Reserve Bank of Boston 14-17
Abstract: 
Using a large database of online job postings, we demonstrate that employee skill requirements rise when there is a larger supply of relevant job seekers. We identify this effect using variation across time, occupations, and places, which allows us to control for potentially confounding factors. We further exploit the natural experiment arising from troop withdrawals from Iraq and Afghanistan over this period as a shock to local, occupation-specific labor supply. Our estimates imply that the increase in national unemployment rates from 2007 to 2010 increased requirements for a bachelor's degree within occupations by 2.2 percentage points and increased the fraction requiring two or more years of experience by 3.5 percentage points.
Subjects: 
upskilling
middle skills
vacancies
labor demand
employer search
JEL: 
J23
J24
J63
Document Type: 
Working Paper

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