"New Frontiers: The Origins and Content of New Work, 1940–2018" - David Autor, MIT (Joint with The Griswold Center for Economic Policy Studies)

Date
Mar 21, 1:20 pm2:35 pm
Location
Julis Romo Rabinowitz Building, Rm 217 and via Zoom
Event Description

David Autor is a Ford Professor of Economics at MIT.

David Autor will be presenting in person. Viewers may also attend via Zoom.

Abstract

Recent theory stresses the role of new job types (‘new work’) in counterbalancing the erosive effect of task-displacing automation on labor demand. Drawing on a novel inventory of eight decades of new job titles linked to United States Census micro- data, we estimate that the majority of contemporary employment is found in new job tasks added since 1940 but that the locus of new task creation has shifted—from middle-paid production and clerical occupations in the first four post-WWII decades, to high-paid professional and, secondarily, low-paid services since 1980. We hypothesize that new tasks emerge in occupations where new innovations complement their out- puts (‘augmentation’) or market size expands, while conversely, employment contracts in occupations where innovations substitute for labor inputs (‘automation’) or market size contracts. Leveraging proxies for output-augmenting and task-automating innovations built from a century of patent data and harnessing occupational demand shifts stemming from trade and demographic shocks, we show that new occupational tasks emerge in response to both positive demand shifts and augmenting innovations, but not in response to negative demand shifts or automation innovations. We document that the flow of both augmentation and automation innovations is positively correlated across occupations, yet these two faces of innovation have strongly countervailing relationships with occupational labor demand.