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Innovations induce asymmetric employment movements

Zwick, Thomas - 1999

This paper provides a labour supply explanation to the observation that in Germany employment changes are asymmetric during the business cycle. Employment increases are slower, because the reservation wage of workers increases in times of job uncertainty. Workers are afraid in those periods of...

Persistent link: https://www.econbiz.de/10010297625

Welfare Analysis in a Schumpeterian Growth Model with Capital

Hagedorn, Marcus; Kaul, Ashok; Reinthaler, Volker - 2001

In this note we compare the laissez-faire steady-state solution in the Howitt and Aghion (1998) model to the social optimum. The analysis offers several new insights in comparison to the welfare analysis in Aghion and Howitt (1992). We find various new distortions between private and optimal...

Persistent link: https://www.econbiz.de/10010262488

The Evolution of the Literature on Technological Change over time: A Survey

Conte, Andrea - 2006

This paper reviews the emergence and evolution of major topics in economics of innovation. Throughout the paper … the development of a more general theory of the determinants and the effects of TC. In turn, such theory has to deal …

Persistent link: https://www.econbiz.de/10010263572

Differential Impact of Environmental Policy Instruments on Technological Change: A Review of the Empirical Literature

Vollebergh, Herman R.J. - 2006

recent literature is that there is a clear impact of environmental policy on invention, innovation and diffusion of …

Persistent link: https://www.econbiz.de/10010325490

The impact of energy prices on green innovation: Study on behalf of the Swiss Federal Office of Energy SFOE

Ley, Marius; Stucki, Tobias; Woerter, Martin - 2013

industry level the impact of energy prices on green innovation activities. Our econometric models show that energy prices and … green innovation activities are positively related and that energy prices have a significantly positive impact on the ratio … lag between energy prices and innovation activities. Robustness tests confirm the main results. …

Persistent link: https://www.econbiz.de/10011386846

Skill Upgrading and Rigid Relative Wages: The Case of Danish Manufacturing

Sørensen, Anders; Skaksen, Jan Rose - 2003

Relative wages have been remarkably rigid for the last two decades in Danish manufacturing despite large shifts in relative employment from unskilled labor towards skilled and educated labor. Assuming capital-skill complementarity and fixed relative wages as a consequence of labor market...

Persistent link: https://www.econbiz.de/10010272877

Cyclical skill-biased technological change

Balleer, Almut; van Rens, Thijs - 2009

Over the past two decades, technological progress has been biased towards making skilled labor more productive. What does skill-biased technological change imply for business cycles? To answer this question, we construct a quarterly series for the skill premium from the CPS and use it to...

Persistent link: https://www.econbiz.de/10010276400

Skill-biased technological change and the business cycle

Balleer, Almut; Van Rens, Thijs - 2012

Over the past two decades, technological progress in the United States has been biased towards skilled labor. What does this imply for business cycles? We construct a quarterly skill premium from the CPS and use it to identify skill-biased technology shocks in a VAR with long-run restrictions....

Persistent link: https://www.econbiz.de/10010286842

The Link Between Firms? Innovation Decision and the Business Cycle: An Empirical Analysis

Heger, Diana - 2004

The sensitivity of innovation activities with respect to the business cycle is often assumed to be small. In this paper … the hypothesis on cyclical dependence of innovation activities is tested for firms in the German manufacturing, and … additionally for SMEs. To this end firms? innovation decisions are considered. The decision to innovate in one period is modelled …

Persistent link: https://www.econbiz.de/10010297408

Windows of technological opportunity: do technological booms influence the relationship between firm size and innovativeness?

Degner, Harald - 2010

Many papers have been written about the effect of firm size on innovativeness, revealing a positive, a negative or a mixed impact. To this day, the so-called Schumpeterian hypothesis of the above-average innovativeness of large firms has been neither confirmed nor rejected, often because of...

Persistent link: https://www.econbiz.de/10010299992