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Technological Change Relative Wages And Unemployment
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Book Synopsis Technological Change, Relative Wages, and Unemployment by : Pierre-Richard Agénor
Download or read book Technological Change, Relative Wages, and Unemployment written by Pierre-Richard Agénor and published by International Monetary Fund. This book was released on 1994-09-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the effect of skill-biased technological change on the structure of wages, the composition of employment and the level of unemployment in a two-sector economy with a heterogenous work force. Efficiency wage considerations and minimum wage legislation lead to labor market segmentation. A technological shock that reduces the demand for unskilled labor and raises the demand for skilled labor in the primary, high-wage sector is shown to increase the relative wage of skilled workers and reduce aggregate employment as well as the employment level of unskilled workers in that sector. The net effect of the shock on the employment level of skilled workers is mitigated by the existence of efficiency factors.
Book Synopsis Technological Change, Relative Wages, and Unemployment by : Pierre-Richard Agenor
Download or read book Technological Change, Relative Wages, and Unemployment written by Pierre-Richard Agenor and published by . This book was released on 2006 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the effect of skill-biased technological change on the structure of wages, the composition of employment and the level of unemployment in a two-sector economy with a heterogenous work force. Efficiency wage considerations and minimum wage legislation lead to labor market segmentation. A technological shock that reduces the demand for unskilled labor and raises the demand for skilled labor in the primary, high-wage sector is shown to increase the relative wage of skilled workers and reduce aggregate employment as well as the employment level of unskilled workers in that sector. The net effect of the shock on the employment level of skilled workers is mitigated by the existence of efficiency factors.
Book Synopsis Technological Change, Relative Wages, and Unemployment by : Pierre-Richard Agénor
Download or read book Technological Change, Relative Wages, and Unemployment written by Pierre-Richard Agénor and published by . This book was released on 1994 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Technological change, relative wages and unemployment by : Fondo Monetario Internacional
Download or read book Technological change, relative wages and unemployment written by Fondo Monetario Internacional and published by . This book was released on 1994 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Employment Effects of Technological Change by : Jens Rubart
Download or read book The Employment Effects of Technological Change written by Jens Rubart and published by Springer Science & Business Media. This book was released on 2007-04-04 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: The labor markets of important OECD countries show a similar picture: high wages and low unemployment for skilled workers and low wages but high unemployment for low-skilled workers. During the last 10 years this fact has been studied under the hypothesis of "skill-biased technological change" within the context of endogenous growth models. Recent research, however, has shown that the employment and wage differentials vary at business cycle frequencies.This book provides an empirical and theoretical examination of the short- and medium run impacts of technological advances on the employment and wages of workers which differ in their earned educational degree. Furthermore, by introducing labor market frictions and wage setting institutions the author shows the importance of such imperfections in order to replicate empirical facts. Due to the introduction of employment protection mechanisms and minimum wages the analysis accounts for key facts of continental European labor markets.
Book Synopsis Fair Wages, Unemployment and Technological Change in a Global Economy by : Udo Kreickemeier
Download or read book Fair Wages, Unemployment and Technological Change in a Global Economy written by Udo Kreickemeier and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :Richard Michael Cyert Publisher :Washington, D.C. (2101 Constitution Ave., NW, Washington 20418) : National Academy Press ISBN 13 : Total Pages :252 pages Book Rating :4.F/5 ( download)
Book Synopsis Technology and Employment by : Richard Michael Cyert
Download or read book Technology and Employment written by Richard Michael Cyert and published by Washington, D.C. (2101 Constitution Ave., NW, Washington 20418) : National Academy Press. This book was released on 1987 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report addresses a number of issues that have surfaced in the debates over the impact of technological change on employment. These issues include the effects of technological change on levels of employment and unemployment within the economy; on the displacement of workers in specific industries or sectors of the economy; on skill requirements; on the welfare of women, minorities, and labor force entrants in a technologically transformed economy; and on the organization of the firm and the workplace. It concludes that technological change will contribute significantly to growth in employment opportunities and wages, although workers in specific occupations and industries may have to move among jobs and careers. Recommends initiatives and options to assist workers in making such transitions. ISBN 0-309-03744-1 (pbk.).
Book Synopsis Technological Progress, Income Distribution, and Unemployment by : Hideyuki Adachi
Download or read book Technological Progress, Income Distribution, and Unemployment written by Hideyuki Adachi and published by Springer. This book was released on 2019-01-04 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume develops original methods of analyzing biased technological progress in the theory and empirics of economic growth and income distribution. Motivated by sharp increases in wage and income inequalities in the world since the beginning of the new century, many macroeconomists have begun to realize the importance of biased technological changes. However, the comprehensive explanations have not yet appeared. This volume analyzes the effects of factor-biased technological progress on growth and income distribution and shows that long-run trends of the capital-income ratio and capital share of income consistent with Piketty’s 2014 empirical results emerge. Incorporating the modified version of induced innovation theory into the standard neoclassical growth model, it also explains the long-run fluctuations of growth and income distribution consistent with the data shown in Piketty. Introducing a wage-setting function, the neoclassical growth model is modified to account for unemployment as well as to examine the dynamics of unemployment and the labor share of income under biased technological progress. Applying a new econometric method to Japanese industrial data, the authors test the key assumptions employed and important results derived in the theoretical part of this book.
Book Synopsis Relative Wages, Openness and Skill-based Technological Change by : Görg Holger
Download or read book Relative Wages, Openness and Skill-based Technological Change written by Görg Holger and published by . This book was released on 2002 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Implications of Skill-biased Technological Change by : Eli Berman
Download or read book Implications of Skill-biased Technological Change written by Eli Berman and published by . This book was released on 1997 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Demand for less skilled workers decreased dramatically in the US and in other developed countries over the past two decades. We argue that pervasive skill-biased technological change rather than increased trade with the developing world is the principal culprit. The pervasiveness of this technological change is important for two reasons. First, it is an immediate and testable implication of technological change. Second, under standard assumptions, the more pervasive the skill-biased technological change the greater the increase in the embodied supply of less skilled workers and the greater the depressing effect on their relative wages through world goods prices. In contrast, in the Heckscher-Ohlin model with small open economies, the skill-bias of local technological changes does not affect wages. Thus, pervasiveness deals with a major criticism of skill-biased technological change as a cause. Testing the implications of pervasive, skill-biased technological change we find strong supporting evidence. First, across the OECD, most industries have increased the proportion of skilled workers employed despite rising or stable relative wages. Second, increases in demand for skills were concentrated in the same manufacturing industries in different developed countries.
Book Synopsis The Race between Education and Technology by : Claudia Goldin
Download or read book The Race between Education and Technology written by Claudia Goldin and published by Harvard University Press. This book was released on 2009-07-01 with total page 497 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a careful historical analysis of the co-evolution of educational attainment and the wage structure in the United States through the twentieth century. The authors propose that the twentieth century was not only the American Century but also the Human Capital Century. That is, the American educational system is what made America the richest nation in the world. Its educational system had always been less elite than that of most European nations. By 1900 the U.S. had begun to educate its masses at the secondary level, not just in the primary schools that had remarkable success in the nineteenth century. The book argues that technological change, education, and inequality have been involved in a kind of race. During the first eight decades of the twentieth century, the increase of educated workers was higher than the demand for them. This had the effect of boosting income for most people and lowering inequality. However, the reverse has been true since about 1980. This educational slowdown was accompanied by rising inequality. The authors discuss the complex reasons for this, and what might be done to ameliorate it.
Book Synopsis Technology, Unemployment, and Relative Wages in a Global Economy by : Donald Ray Davis
Download or read book Technology, Unemployment, and Relative Wages in a Global Economy written by Donald Ray Davis and published by . This book was released on 1996 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Models the impact of technical change on relative wages and unemployment in the USA which has flexible labour market institutions, and in Western Europe where labour market institutions are more rigid.
Book Synopsis Technology, Growth, and the Labor Market by : Donna K. Ginther
Download or read book Technology, Growth, and the Labor Market written by Donna K. Ginther and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: Technology, Growth, and the Labor Market brings together research by economists from academia and the Federal Reserve System. The first section of the volume includes discussions by monetary policymakers with firsthand experience in determining how technology affects productivity, inequality, and macroeconomic growth. Papers in the second section discuss the sources of the surge in labor productivity growth during the latter half of the 1990s and present forecasts of labor productivity growth rates during the next few years. In the third section, the papers focus on the role of technological advances in changes in earnings inequality in the labor market. The authors examine whether inequality should be viewed as a causal result of skill-biased technological change or whether there is a missing link - or perhaps no link - between changes in technology and changes in wage inequality. The final section explores the relationships between computer investment, worker skills, human resource practices, and productivity at the industry and firm levels.
Author :United States. National Commission on Technology, Automation, and Economic Progress Publisher : ISBN 13 : Total Pages :468 pages Book Rating :4.F/5 ( download)
Book Synopsis Technology and the American Economy by : United States. National Commission on Technology, Automation, and Economic Progress
Download or read book Technology and the American Economy written by United States. National Commission on Technology, Automation, and Economic Progress and published by . This book was released on 1966 with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Technological Change and Wages by : Ann Bartel
Download or read book Technological Change and Wages written by Ann Bartel and published by . This book was released on 1997 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Previous research has found evidence that wages in industries characterized as high tech, ' or subject to higher rates of technological change, are higher. In addition, there is evidence that skill-biased technological change is responsible for the dramatic increase in the earnings of more educated workers relative to less educated workers that took place during the 1980s. In this paper, we match a variety of industry level measures of technological change to a panel of young workers observed between 1979 and 1993 (NLSY) and examine the role played by unobserved heterogeneity in explaining the positive relationships between technological change and wages, and between technological change and the education premium. We find evidence that the wage premium associated with technological change is primarily due to the sorting of better workers into those industries. In addition, the education premium associated with technological change is found to be the result of an increase in demand for the innate ability or other observable characteristics of more educated workers.
Book Synopsis Future Employment & Technological Change by : Donald Leach
Download or read book Future Employment & Technological Change written by Donald Leach and published by . This book was released on 1986 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: Study of the future impact of technological change on employment and its implications for postindustrial society - considers unemployment trends, and the potential of the industrial sector, service sector and public sector for employment creation; claims that economic growth and higher productivity will not ensure full employment; argues for a work attitude that dissociates income from work, and for employment policies, fiscal policies and subsidies to expand employment opportunity; draws examples from the UK. References, statistical tables.
Author :C. M. Cooper Publisher :[Brighton], Sussex : Wheatsheaf Books, N. Y. St. Martin's Press ISBN 13 : Total Pages :168 pages Book Rating :4.3/5 (91 download)
Book Synopsis Employment, Economics, and Technology by : C. M. Cooper
Download or read book Employment, Economics, and Technology written by C. M. Cooper and published by [Brighton], Sussex : Wheatsheaf Books, N. Y. St. Martin's Press. This book was released on 1982 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monograph examining the impact of technological change on the labour market in developed countries - using mathematical models, discusses the effects on private investment, consumer demand, capital formation, employment creation, etc., and considers macroeconomic policies to deal with structural unemployment and likely constraints. Graphs and references.
