Arbeitspapier
Technological paradigms, labour creation and destruction in a multi-sector agent-based model
This paper presents an agent-based model (ABM) of endogenous arrival of technological paradigms and new sectors entailing different patterns of labour creation and destruction, as well as of consumption dynamics. The model, building on the labour-augmented K+S ABM, addresses the long-term patterns of labour demand emerging from heterogeneous forms of technical change. It provides a multi-level, integrated perspective on so called scenarios of the future of work, currently often restricted or to firm-level or to short-time sectoral analyses, and studies the conditions under which labour creation and destruction tend to balance. It is a relatively fair and stable distribution of income granted by a Fordist-type of regulation of the labour market that guarantees that the model never reaches stages of full technological unemployment. Patterns of coordination between technical change and aggregate demand are also ensured by the increasing product complexity which keeps on absorbing the labour force.
- Language
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Englisch
- Bibliographic citation
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Series: LEM Working Paper Series ; No. 2021/17
- Classification
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Wirtschaft
Trade Unions: Objectives, Structure, and Effects
Institutions and the Macroeconomy
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Computational Techniques; Simulation Modeling
- Subject
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Technical change
technological unemployment
structural change
consumption patterns
- Event
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Geistige Schöpfung
- (who)
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Dosi, Giovanni
Pereira, Marcelo C.
Roventini, Andrea
Virgillito, Maria Enrica
- Event
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Veröffentlichung
- (who)
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Scuola Superiore Sant'Anna, Laboratory of Economics and Management (LEM)
- (where)
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Pisa
- (when)
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2021
- Handle
- Last update
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10.03.2025, 11:45 AM CET
Data provider
This object is provided by:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Dosi, Giovanni
- Pereira, Marcelo C.
- Roventini, Andrea
- Virgillito, Maria Enrica
- Scuola Superiore Sant'Anna, Laboratory of Economics and Management (LEM)
Time of origin
- 2021
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