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Jobs and technology in general equilibrium: A three elasticities approach

Author

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  • Richard Baldwin
  • Jan I. Haaland
  • Anthony J. Venables

Abstract

The impact of technological progress on jobs and wages has been subject to much empirical and some theoretical work e.g. on skill-biased technical progress. Most of this literature has focused on two causal channels; the jobs-displacing substitution effect, and the job-creating demand effect. This paper shows that a further channel shapes the quantitative and qualitative effects of technical change. This is a general-equilibrium effect, depending on the interplay between the factors and sectors impacted by change. The paper integrates these three channels and derives explicit expressions for the effects of different types of technical change on wages and sectoral employment.

Suggested Citation

  • Richard Baldwin & Jan I. Haaland & Anthony J. Venables, 2021. "Jobs and technology in general equilibrium: A three elasticities approach," Economics Series Working Papers 933, University of Oxford, Department of Economics.
    • Handle: RePEc:oxf:wpaper:933
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    Cited by:

    1. Chrystalla Kapetaniou & Christopher A. Pissarides, 2025. "Productive Robots And Industrial Employment: The Role Of National Innovation Systems," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 66(1), pages 25-52, February.
    2. Caselli, Mauro & Fracasso, Andrea & Scicchitano, Sergio & Traverso, Silvio & Tundis, Enrico, 2025. "What workers and robots do: An activity-based analysis of the impact of robotization on changes in local employment," Research Policy, Elsevier, vol. 54(1).
    3. Kerstin Hotte & Melline Somers & Angelos Theodorakopoulos, 2022. "Technology and jobs: A systematic literature review," Papers 2204.01296, arXiv.org.

    More about this item

    Keywords

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    JEL classification:

    • F11 - International Economics - - Trade - - - Neoclassical Models of Trade
    • F16 - International Economics - - Trade - - - Trade and Labor Market Interactions
    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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