| The Employment Effects of Technological Change: Heterogeneous Labor, Wage Inequality and Unemployment 2007 Edition Contributor(s): Rubart, Jens (Author) |
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ISBN: 3540699554 ISBN-13: 9783540699552 Publisher: Springer OUR PRICE: $52.24 Product Type: Paperback - Other Formats Published: April 2007 Annotation: 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. |
| Additional Information |
| BISAC Categories: - Business & Economics | Economics - Macroeconomics - Business & Economics | Labor - Business & Economics | Money & Monetary Policy |
| Dewey: 332.01 |
| LCCN: 2007923239 |
| Series: Lecture Notes in Economic and Mathematical Systems |
| Physical Information: 0.52" H x 6.58" W x 9.22" (0.76 lbs) 209 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: 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. |