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Internal And External Adjustment To New Technologies

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Author Info

  • Lutz Bellmann
  • Tito Boeri

Abstract

Schumpeterian creative destruction occurs not only at the industry level, but also with each firm trying to maintain or improve its position in the technology race. Based on a rich data set on more than 4,000 German business units, this paper shows that the simultaneous occurrence of hiring and separations is more likely in firms with the most advanced technologies in use than in units more distant from the technological frontier. This positive relation between technological advance and creative destruction documented also by churning and 'excess job reallocation equations - holds particularly in recovery years, while it is weak during a recession. The explanation provided for this finding in the paper is that firms can also improve technologies by upgrading machinery and/or retraining workers, and these 'implementation' costs arc likely to be lower during economic downturns.

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File URL: http://www.tandfonline.com/doi/abs/10.1080/10438599800000010
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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal Economics of Innovation and New Technology.

Volume (Year): 5 (1998)
Issue (Month): 2-4 ()
Pages: 325-343

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Handle: RePEc:taf:ecinnt:v:5:y:1998:i:2-4:p:325-343

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Related research

Keywords: Creative destruction; labour turnover; implementation costs. JEL classification codes: 03; L21; 363;

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Cited by:
  1. Eric J. Bartelsman & Mark Doms, 2000. "Understanding productivity: lessons from longitudinal microdata," Finance and Economics Discussion Series 2000-19, Board of Governors of the Federal Reserve System (U.S.).
  2. Boockmann, Bernhard & Hagen, Tobias, 2002. "Arbeitsplatzdynamik und befristete Verträge: Empirische Evidenz aus dem IAB-Betriebspanel für Baden-Württemberg (Job dynamics and fixed-term contracts : empirical evidence from the IAB establishmen," Mitteilungen aus der Arbeitsmarkt- und Berufsforschung, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany], vol. 35(3), pages 385-396.
  3. Pekka Ilmakunnas & Mika Maliranta, 2005. "Worker inflow, outflow, and churning," Applied Economics, Taylor & Francis Journals, vol. 37(10), pages 1115-1133.
  4. repec:iab:iabmit:v:35:i:3:p:385-396 is not listed on IDEAS
  5. Alda, Holger & Allaart, Piet & Bellmann, Lutz, 2005. "Churning and institutions : Dutch and German establishments compared with micro-level data," IAB Discussion Paper 200512, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].

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