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Hofmann, Boris; Peersman, Gert; Straub, Roland - 2010

as well as real and nominal wages. The results indicate considerable time variation in U.S. wage dynamics that can be …', technology shocks in contrast triggered wage-price spirals, moving nominal wages and prices in the same direction at longer … magnitudes, can only be explained by assuming a high degree of wage indexation in conjunction with a weak reaction of monetary …

Persistent link: https://www.econbiz.de/10010274983

The Diffusion of Technological Progress in ICT

Elstner, Steffen; Grimme, Christian; Kecht, Valentin; … - 2021

We study whether technology gains in sectors related to Information and Communications Technology (ICT) increase productivity in the rest of the economy. To separate exogenous gains in ICT from other technological progress, we use the relative price of ICT goods and services in a structural VAR...

Persistent link: https://www.econbiz.de/10013314751

Labour Markets, Trade and Technological Progress : A Meta-Study

Terzidis, Nikos - 2019

Technological progress and trade potentially affect wages and employment. Technological progress can make jobs obsolete and trade can increase unemployment in import competing sectors. Empirical evidence suggests that both causes are important to explain recent labour market developments in many...

Persistent link: https://www.econbiz.de/10012866562