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Technological Innovation and Employment (in Korean)

Author

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  • KyuHo Kang

    (Department of Economics, Washington University)

Abstract

This paper focuses on the following five issues; (1) What effect does technological innovation have on aggregate employment? (2) Has the effect changed over the past 20 years? (3) Are the empirical results with aggregate data consistent with those with industrial data? (4) Is there any interaction between idiosyncratic industrial technological shocks and employment in the industries affected? (5) Is the effect skill-biased? The estimation results indicate that technological shocks have had temporary and permanent effects on the level of aggregate employment over the past 10 years rather than in the preceding 20 years. That is to say that, since a structural break that occurred around 1993, technological shocks are found to have been favorable. These results differed widely across industries. Also we found that labor movement between industries as well as technology spillover effects have been caused by industrial level technological innovations. Finally, even though technological progress is favorable for aggregate employment, this effect was found to be skill-biased.

Suggested Citation

  • KyuHo Kang, 2006. "Technological Innovation and Employment (in Korean)," Economic Analysis (Quarterly), Economic Research Institute, Bank of Korea, vol. 12(1), pages 53-74, March.
    • Handle: RePEc:bok:journl:v:12:y:2006:i:1:p:53-74
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    More about this item

    Keywords

    technological innovation; employment; structural VAR; skill-biased technological progress.;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models

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