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STEM Employment Resiliency During Recessions: Evidence from the COVID-19 Pandemic / James C. Davis, Holden A. Diethorn, Gerald R. Marschke, Andrew J. Wang.
- Format:
- Book
- Author/Creator:
- Davis, James C.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w29568.
- NBER working paper series no. w29568
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2021.
- Summary:
- Employment in STEM occupations suffered smaller peak-to-trough percentage declines than non-STEM occupations during the Great Recession and COVID-19 recession, suggesting a relative resiliency of STEM employment. We exploit the sudden peak-to-trough declines in STEM and non-STEM employment during the COVID-19 recession to measure STEM recession-resiliency, decomposing our difference-in-differences estimate into parts explained by various sources. We find that STEM knowledge importance on the job explains the greatest share of STEM employment resiliency, and that workers in non-STEM occupations who nonetheless use STEM knowledge experienced better employment outcomes. STEM employment resiliency may explain the mild effects of COVID-19 on innovative activity.
- Notes:
- Print version record
- December 2021.
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