Skill Requirements Across Firms and Labor Markets: Evidence from Job Postings for Professionals

33 Pages Posted: 17 Apr 2017

See all articles by David Deming

David Deming

Harvard University; Harvard University - Harvard Kennedy School (HKS)

Lisa Kahn

Yale School of Management

Date Written: April 2017

Abstract

We study variation in skill demands for professionals across firms and labor markets. We categorize a wide range of keywords found in job ads into ten general skills. There is substantial variation in these skill requirements, even within narrowly defined occupations. Focusing particularly on cognitive and social skills, we find positive correlations between each skill and external measures of pay and firm performance. We also find evidence of a cognitive social-skill complementarity for both outcomes. As a whole, the job skills have explanatory power in pay and firm performance regressions, beyond what is available in widely-used labor market data.

Suggested Citation

Deming, David and Kahn, Lisa, Skill Requirements Across Firms and Labor Markets: Evidence from Job Postings for Professionals (April 2017). NBER Working Paper No. w23328. Available at SSRN: https://ssrn.com/abstract=2953815

David Deming (Contact Author)

Harvard University ( email )

Harvard University - Harvard Kennedy School (HKS) ( email )

79 John F. Kennedy Street
Cambridge, MA 02138
United States

Lisa Kahn

Yale School of Management ( email )

135 Prospect Street
P.O. Box 208200
New Haven, CT 06520-8200
United States

Register to save articles to
your library

Register

Paper statistics

Downloads
22
Abstract Views
270
PlumX Metrics