Is housing price growth causally linked with information technology (IT) investment among firms? Using establishment data between 1996-2007, we find that a percentage point rise in the growth rate of zipcode-level housing prices is associated with a 0.03-0.08% increase in information technology....

This paper examines the impact of automation investments on employment dynamics and workforce composition using administrative data from Portugal. I exploit the lumpiness of automation imports in a difference-in-differences event study design. My results show that automation creates jobs in...

We evaluate the influence on the skill premium of the task content of jobs by exploiting the text data from online job ads covering 2009-2018 (over 189,000 ads) published by one of the leading Chilean online job portals (www.trabajando.com). Our analysis tests the expected complementarity...

Industrial policies are widespread, but evidence on their workforce effects remains limited. We present novel evidence on the impact of EU technology subsidies on employment and skill demand in Finnish SMEs, 1994-2018. The subsidies fund new machinery, including robots and CNC machines....

When job tasks are automated, does this augment or diminish the value of labor in the tasks that remain? We argue the answer depends on whether removing tasks raises or reduces the expertise required for remaining non-automated tasks. Since the same task may be relatively expert in one...

We study two first‐order economic consequences of vertical mismatch, using a simple (neoclassical) model of under and overemployment. Individuals of high type can perform both skilled and unskilled jobs, but only a fraction of low‐type workers can perform skilled jobs. People have different...

Both the demand for skilled labor and the skill wage premium have become increasingly dispersed across the United States. This paper examines how technological change within occupations drives these uneven local developments. Combining a novel measure of technological change-capturing shifts in...

This chapter reviews recent advances in the task model and shows how this framework can be put to work to understand trends in the labor market in recent decades. Production in each industry requires the completion of various tasks that can be assigned to workers with different skills or to...

Are workers with poor outside opportunities less responsive and more susceptible to negative demand shifts in routine occupations? To answer this, I create and estimate an occupation specialization index (OSI) using Swedish register data and machine learning tools. It measures the expected...

How does firms' skill demand change as the business landscape evolves? We present evidence from the green transition by analyzing how hurricanes impact demand for green skills. These disasters signal the risks of not acting on environmental issues. Using data from U.S. online job postings...