Division of Labor, Market for Technology and Investment
نویسندگان
چکیده
منابع مشابه
Labor Market Institutions, Wages, and Investment
Labor Market Institutions, Wages, and Investment Labor market institutions, via their effect on the wage structure, affect the investment decisions of firms in labor markets with frictions. This observation helps explain rising wage inequality in the US, but a relatively stable wage structure in Europe in the 1980s. These different trends are the result of different investment decisions by firm...
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In recent years, economists have become increasingly involved in the design of labor market clearinghouses. The design of a marketclearing mechanism affects not only the ex post allocation but also individuals’ ex ante choices, such as those regarding the amounts and types of human capital to acquire. In this paper, we provide an illustration of how the design of labor market–clearing mechanism...
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Shocks to investment-specific technology have been identified as a main source of U.S. aggregate output volatility. In this paper we assess the contribution of these shocks to the volatility of labor market variables, namely, unemployment, vacancies, tightness and the jobfinding rate. Thus, our paper contributes to a recent body of literature assessing the ability of the search-and-matching mod...
متن کاملTechnology Dispersion and Labor Market Fluctuations
This paper develops a dynamic general equilibrium matching model with many types of long-lived workers, many types of jobs and stochastic transitions between many possible aggregate productivity states. The supply of new jobs is determined by free entry, matching is directed, wages are determined by auction and workers can continue to search on-the-job for better employment opportunities. We sh...
متن کاملPreface: Technology, Growth, and the Labor Market
Federal Reserve Bank of Atlanta E C O N O M I C R E V I E W Third Quarter 2002 I n 1998, Federal Reserve Board Chairman Alan Greenspan posed the provocative question, Is there a “new economy”? He described the new economy’s characteristics as including technological innovations that raise productivity and that have, accordingly, removed pricing power from the world’s producers on a more lasting...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 1999
ISSN: 1556-5068
DOI: 10.2139/ssrn.150349