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Embodied technical progress and Unemployment

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  • Fernando DE LRIO

    (Universidade de Santiago de Compostela - Spain)

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    Abstract

    In this paper we build up a canonical vintage capital model with embodied and disembodied technical progress and generalized Nash bargaining in the labor market. First, we handle both types of technical progress as exogenous, but we endogenize them after. In these setups, we comprehensively study the relations between technical progress, unemployment, and job creation and destruction in the short and long run.

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    File URL: http://sites.uclouvain.be/econ/DP/IRES/2001-31.pdf
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    Bibliographic Info

    Paper provided by Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) in its series Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) with number 2001031.

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    Length: 29
    Date of creation: 01 Nov 2001
    Date of revision:
    Handle: RePEc:ctl:louvir:2001031

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    Related research

    Keywords: unemployment; job creation and destruction; embodied technical progress;

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    1. Greenwood, Jeremy & Yorukoglu, Mehmet, 1997. "1974," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 46(1), pages 49-95, June.
      • Greenwood, J. & Yorukoglu, M., 1996. "1974," RCER Working Papers 429, University of Rochester - Center for Economic Research (RCER).
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    Cited by:
    1. Savvidou, Eleni, 2003. "The Relationship Between Skilled Labor and Technical Change," Working Paper Series 2003:27, Uppsala University, Department of Economics.

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