Should we worry more when white-collar jobs are lost?

Possibly, suggests this new IZA research paper from Guido Schwerdt, Andrea Ichino, Oliver Ruf, Rudolf Winter-Ebmer, and Josef Zweimüller:

Does the Color of the Collar Matter?… In the short run earnings and employment losses are substantial for both groups but stronger for white collar workers. In the long run, there are only weak effects for blue collar workers but strong and persistent effects for white collars.

No further comment; I’m on holiday, remember?

Tim Harford’s blog

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Tim, also known as the Undercover Economist, writes about the economics of everyday life.