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Why Some Jobs Disappear Forever Following Recessions
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Why Some Jobs Disappear Forever Following Recessions

Knowledge at Wharton·@HashtagPLUS·about 1 month ago
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During the financial crisis of 2008, employment fell dramatically, as was expected. But in the economic recovery that followed, only certain jobs bounced back. A research paper by Wharton finance professor Nikolai Roussanov looks at this phenomenon and correlates it with technological adoption by companies during a down economy. The paper, whose co-authors are Cornell University professor Mathieu Taschereau-Dumouchel and Wharton doctoral student Alex Kopytov, is titled “ Short-Run Pain, Long-Run Gain? Recessions and Technological Transformation .” Roussanov recently sat down with Knowledge at Wharton to explain the scope and goal of the research as well as what they found. An edited version of the conversation follows. Knowledge at Wharton : Can you tell us about your research? Nikolai Roussanov : In this paper we examine the role of technological transformation in the changing composition of the U.S.…

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