Arbeitspapier
Uneven Technical Progress and Unemployment
In a two-sector-economy with real wage rigidity, we examine how technical progress in one sector affects aggregate unemployment. We show that aggregate unemployment decreases for uneven technical change in the case of Cobb-Douglas production functions. For every type of technical progress there are also elasticities of substitution in production and utility functions leading to a rise in unemployment. Moreover, we identify polar cases when unemployment strongly decreases.
- Sprache
-
Englisch
- Erschienen in
-
Series: IZA Discussion Papers ; No. 478
- Klassifikation
-
Wirtschaft
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Computable and Other Applied General Equilibrium Models
Oligopoly and Other Imperfect Markets
Mobility, Unemployment, Vacancies, and Immigrant Workers: General
- Thema
-
uneven technical progress
elasticities of substitution
unemployment
Theorie der Arbeitslosigkeit
Technischer Fortschritt
Mehr-Sektoren-Modell
Faktorsubstitution
Lohnrigidität
Beschäftigungseffekt
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Gersbach, Hans
Schniewind, Achim
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute for the Study of Labor (IZA)
- (wo)
-
Bonn
- (wann)
-
2002
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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Objekttyp
- Arbeitspapier
Beteiligte
- Gersbach, Hans
- Schniewind, Achim
- Institute for the Study of Labor (IZA)
Entstanden
- 2002
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