Female labor Force Participation in an Era of Organizational and Technological Change
This paper examines the endogenous interaction between the rise in female labor force participation and changes in both the method and mode of production that occurred during the early part of the 20th century. Within a dynamic general equilibrium framework, an exogenous expansion in the skill level of the population induces an organizational change at the firm level and a redirection of investment towards new technologies that complement the skills of the emerging workforce. In addition to allowing for a change in the method of production in a market with directed technical change, a framework is developed to explicitly examine the transitional dynamics as skilled workers become relatively abundant. The rise in the skill level explains the rise in female labor force participation, the increase in women's wages and the decline of the clerical wage relative to manufacturing.
|Date of creation:||Jul 2007|
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- Ian Keay & Marina Adshade, 2006. "Enabling the Visible Hand," Working Papers 1103, Queen's University, Department of Economics.
- Acemoglu, Daron, 1997.
"Why Do New Technologies Complement Skills? Directed Technical Change and Wage Inequality,"
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1707, C.E.P.R. Discussion Papers.
- Daron Acemoglu, 1998. "Why Do New Technologies Complement Skills? Directed Technical Change and Wage Inequality," The Quarterly Journal of Economics, Oxford University Press, vol. 113(4), pages 1055-1089.
- Acemoglu, D., 1997. "Why Do New Technologies Complement Skills? Directed Technical Change and Wage Inequality," Working papers 97-14, Massachusetts Institute of Technology (MIT), Department of Economics.
- Daron Acemoglu, 2002.
"Technical Change, Inequality, and the Labor Market,"
Journal of Economic Literature,
American Economic Association, vol. 40(1), pages 7-72, March.
- Daron Acemoglu, 2000. "Technical Change, Inequality, and the Labor Market," NBER Working Papers 7800, National Bureau of Economic Research, Inc.
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