Cambiamento tecnologico e disoccupazione catastrofica
The interactions between the creation of specific human capital (through learning by doing activities) and the distruction (through the obsolescence of skills and know-how) of the same quality of human capital, induced by technological and organizational change is modelled in the paper, via a dynamical non linear system of equations. If one further assume the existence of a direct relation between human capital, productivity and employment, then the model can explain some feature of the European long-term unemployment, namely: persistence and hysteresis. The paper analyses also the combined effect of different ways of human capital creation and different rates of technological and organizational change.
When requesting a correction, please mention this item's handle: RePEc:mul:jb33yl:doi:10.1428/1843:y:1997:i:2:p:185-208. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
If references are entirely missing, you can add them using this form.