@TechReport{iza:izadps:dp10466,
            	author={Bredemeier, Christian and Juessen, Falko and Winkler, Roland},
            	title={Fiscal Policy and Occupational Employment Dynamics},
            	year={2017},
	month={Jan},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={10466},
            	url={https://www.iza.org/publications/dp10466},
	abstract={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.},
	keywords={fiscal policy;composition of employment;occupations;industries;heterogeneity},
            }