“ Technological Unemployment : A New View ”
نویسندگان
چکیده
This paper extends the now familiar Shapiro-Stiglitz (1984) model of labor market behavior to reconsider the controversial proposition that some forms of innovation have persistent displacement e ects. In particular, it nds that when distinctions between random production failures and reduced e ort level are di cult to draw, the adoption of new methods of production that compel more e ort, break down more often and/or allow for closer supervision will sometimes induce technological joblessness. The possible magnitude of such dislocation, its welfare e ects and the possibilities for intervention are then discussed in detail. JEL Classi cation: E24, J41, O33
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