Employers alter skill demands in line with unemployment, researchers find
Requirements for a bachelor’s degree increased during higher unemployment, authors find
Employers respond to high unemployment by making their job descriptions more stringent, a team of researchers reveal in a paper published by the American Economic Association.
“These findings provide some of the first empirical evidence of a shift in recruitment intensity whereby employer skill requirements are driven – in part – by the available supply of labour,” the authors write.
Using data from 36.2 million online US job postings, Joshua Ballance of the Federal Reserve Bank of Boston and
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