polarization across industries; as the relative price of ICT capital declines, firms respond to exogenous wage differentials by … replacing routine workers with capital. Our empirical analysis shows that, during the last three decades, the annualized growth … rate of ICT capital per worker increased by 0.34 percent and that of routine employment decreased by 0.41 percent in the U …

inflation. Among other things, the unemployment gap, which is the difference between unemployment rate and non …-accelerating inflation rate of unemployment (NAIRU), is used to measure inflationary pressure from the labour market. This paper examines … revisional property of the NAIRU is also examined, as well as the forecast capacity of the unemployment gap with regard to wages …