TY  - RPRT
        AU  - Bredemeier, Christian
AU  - Juessen, Falko
AU  - Winkler, Roland
        TI  - Fiscal Policy and Occupational Employment Dynamics
        PY  - 2017/Jan/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 10466
        UR  - https://www.iza.org/index.php/publications/dp10466
        AB  - We document substantial heterogeneity in occupational employment dynamics in response to government spending shocks. Employment rises most strongly in service, sales, and office ("pink-collar") occupations. By contrast, employment in blue-collar occupations is hardly affected by fiscal stimulus which is striking in light of its strong exposure to the cycle and its long-run decline due to technical change and globalization. We provide evidence that occupation-specific changes in labor demand are key to understand these findings and develop a business-cycle model that explains the heterogeneous occupational employment dynamics as a consequence of differences in the short-run substitutability between labor and capital services across occupations.
        KW  - fiscal policy
KW  - composition of employment
KW  - occupations
KW  - industries
KW  - heterogeneity
        ER  -