Are the Unemployed Unemployable?
This paper develops a matching model of the labor market under wage rigidity when hiring decisions are irreversible. There are two types of workers, the skilled and the unskilled. The model is used to analyze whether technological advances may have increased unemployment. It is shown that it is likely to be so if they are associated with an increase in the productivity and/or the supply of skilled workers relative to unskilled workers. These effects are stronger when hiring decisions are more irreversible.
|Date of creation:||01 Jun 1994|
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- Saint-Paul, Gilles, 1996.
"Are the unemployed unemployable?,"
European Economic Review,
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- Gilles Saint-Paul, 1994. "Are the Unemployed Unemployable?," IMF Working Papers 94/64, International Monetary Fund.
- Saint-Paul, G., 1992. "Are the Unemployed Unemployable," DELTA Working Papers 92-04, DELTA (Ecole normale supérieure).
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268, Massachusetts Institute of Technology (MIT), Department of Economics.
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Economics Series Working Papers
99130, University of Oxford, Department of Economics.
- Calmfors, L., 1992.
"Lessons from the Macroeconomic Experience of Sweden,"
522, Stockholm - International Economic Studies.
- Calmfors, Lars, 1993. "Lessons from the macroeconomic experience of Sweden," European Journal of Political Economy, Elsevier, vol. 9(1), pages 25-72, March.
- C Bean, 1992.
"European Unemployment: A Survey,"
CEP Discussion Papers
dp0071, Centre for Economic Performance, LSE.
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