Technological Bias and Unemployment: A Macroeconomic Perspective
This paper focuses on the macroeconomic impact of introducing new technologies (among which information technologies) when the latter stimulate the relative demand for high-skilled labour. The fact that there is biased technical progress (or at least, that growth has asymmetric effects) is little disputed. Evaluating its effect on unemployment still remains a difficult task. This paper stresses the need to rely on a genuine structural analysis. To clarify some of these issues, we develop a simple analytical framework with two types of labour (high- and low-skilled). This framework is used to distinguish macroeconomic vs structural shocks, and to illustrate the interactions between macroeconomic and structural phenomena as well as their implications for the interpretation of simple mismatch indicators. The framework is next used as a reference setup wherein to evaluate and compare the empirical modelling approaches used by different authors and the results they obtain.
|Date of creation:||01 Jun 1998|
|Date of revision:||00 Aug 1999|
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Web page: https://uclouvain.be/en/research-institutes/immaq/ires
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NBER Working Papers
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CEP Discussion Papers
dp0297, Centre for Economic Performance, LSE.
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"Skill Mismatch and Unemployment in OECD Countries,"
London School of Economics and Political Science, vol. 66(262), pages 181-207, May.
- John M. Abowd & Francis Kramarz & Thomas Lemieux & David N. Margolis, 2000.
"Minimum Wages and Youth Employment in France and the United States,"
in: Youth Employment and Joblessness in Advanced Countries, pages 427-472
National Bureau of Economic Research, Inc.
- John M. Abowd & Francis Kramarz & Thomas Lemieux & David Margolis, 2000. "Minimum Wages and Youth Employment in France and the United States," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00354400, HAL.
- John M. Abowd & Francis Kramarz & Thomas Lemieux & David N. Margolis, 1997. "Minimum Wages and Youth Employment in France and the United States," NBER Working Papers 6111, National Bureau of Economic Research, Inc.
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Elsevier, vol. 41(2), pages 187-205, February.
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- Henri Sneessens, 1994. "Croissance, qualifications et chômage," Revue Française d'Économie, Programme National Persée, vol. 9(4), pages 1-33.
- Shadman-Mehta, Fatemeh & Sneessens, Henri, 1995. "Skill Demand and Factor Substitution," CEPR Discussion Papers 1279, C.E.P.R. Discussion Papers.
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