Technology, Unemployment, and Efficiency

This paper analyzes technology choices and unemployment in search equilibrium. In contrast to standard search models, the presence of technology choices makes the decentralized equilibrium inefficient; there is too little investment in skills, too little job creation, and there can be multiple equilibria. The paper also shows that technological progress is likely to be slower in labor markets where job tenure is low

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Year of publication:	1998
Authors:	Acemoglu, Daron
Publisher:	[S.l.] : SSRN
Subject:	Technischer Fortschritt \| Technological change \| Arbeitslosigkeit \| Unemployment \| Theorie der Arbeitslosigkeit \| Unemployment theory \| Suchtheorie \| Search theory
Description of contents:	Abstract [papers.ssrn.com]

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Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments September 1996 erstellt Volltext nicht verfügbar
Classification:	O33 - Technological Change: Choices and Consequences; Diffusion Processes ; J31 - Wage Level and Structure; Wage Differentials by Skill, Training, Occupation, etc
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014089073