Embodied technical progress and Unemployment
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.
|Date of creation:||01 Nov 2001|
|Date of revision:|
|Contact details of provider:|| Postal: Place Montesquieu 3, 1348 Louvain-la-Neuve (Belgium)|
Fax: +32 10473945
Web page: http://www.uclouvain.be/ires
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Greenwood, Jeremy & Yorukoglu, Mehmet, 1997.
Carnegie-Rochester Conference Series on Public Policy,
Elsevier, vol. 46(1), pages 49-95, June.
When requesting a correction, please mention this item's handle: RePEc:ctl:louvir:2001031. 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: (Anne DAVISTER-LOGIST)
If references are entirely missing, you can add them using this form.