The Employment Effects of Technological Change

Heterogeneous Labor, Wage Inequality and Unemployment
2007
ISBN: 978-3-540-69955-2
Verlag: Springer Berlin Heidelberg

Buch, Englisch, Band 593, 209 Seiten, Format (B × H): 155 mm x 235 mm, Gewicht: 347 g

Reihe: Lecture Notes in Economics and Mathematical Systems

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.

Zielgruppe

Research

Autoren/Hrsg.

Rubart, Jens

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Beschäftigung, Arbeitslosigkeit
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Arbeitsmarkt
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Makroökonomie
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Geldwirtschaft, Währungspolitik

Inhaltsverzeichnis

The Empirics of Inequality and Institutions.- Technological Change, the Labor Market, and Wage Inequality.- Inequality and Employment: Basic Framework.- Inequality and Employment Under Labor Market Frictions.- Extensions.- Conclusion.