Routine-biased technological change (RBTC), whereby routine-task jobs are replaced by machines and overseas labor, shifts demand towards high- and low-skill jobs, resulting in job polarization of the U.S. labor market. We test whether recessions accelerate this process. In doing so we establish...

The goal of this paper is to examine whether the volatility of the growth in the US oil stocks has changed overtime, and if it has then whether or not this change is real. We find that the growth in volatility of oil stocks has declined overtime. We conduct a Monte Carlo simulation exercise to...

Oil price cycles can be relatively long, but the time needed for research, development, and widespread adoption of important oilfield technologies can be even longer. Econometric analysis shows that U.S. upstream research and development efforts track oil price movements with a delay, but that...