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Wage bargaining and induced technical change in a linear economy : model and application to the US (1963-2003)
Tavani, Daniele - 2009
In a simple one-sector, two-class, fixed-proportions economy, wages are set through axiomatic bargaining a`la Nash … economic agents is described by a two-dimensional dynamical system in the employment rate and output/capital ratio. The economy … employment of labor, and constant input shares. The type of oscillations predicted by the model matches the available data on the …
Persistent link: https://www.econbiz.de/10011523702
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Trade union objectives and economic growth
Irmen, Andreas; Wigger, Berthold U. - 2001
union which cares for wages and employment, we determine a range of trade union objectives and characterize the aggregate …
Persistent link: https://www.econbiz.de/10011399719
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Wage bargaining and induced technical change in a linear economy : model and application to the US (1963 - 2003)
Tavani, Daniele - In: Structural change and economic dynamics : SC+ED 23 (2012) 2, pp. 117-126
Persistent link: https://www.econbiz.de/10009657798
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Bargaining over productivity and wages when technical change is induced : implications for growth, distribution, and employment
Tavani, Daniele - In: Journal of economics 109 (2013) 3, pp. 207-244
Persistent link: https://www.econbiz.de/10009762768
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Wage Bargaining and Induced Technical Change in a Linear Economy : Model and Application to the US, 1963-2003
Tavani, Daniele - 2018
In a simple one-sector, two-class, fixed-proportions economy, wages are set through (generalized) axiomatic bargaining …-interested decisions made by economic agents is described by a two-dimensional dynamical system in the employment rate and output … constant rate of employment of labor, and constant input shares. The type of oscillations predicted by the model matches the …
Persistent link: https://www.econbiz.de/10012923031
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Bargaining over Productivity and Wages When Technical Change Is Induced : Implications for Growth, Distribution, and Employment
Tavani, Daniele - 2018
, productivity gains, savings, and investment, is described by a two-dimensional dynamical system in the employment rate and output … constant rate of employment of labor, and constant input shares. The type of oscillations predicted by the model is …' bargaining power, has a positive effect on the long-run rate of growth of output per worker but a negative effect on long …
Persistent link: https://www.econbiz.de/10012931082
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The lost race against the machine : automation, education, and inequality in an R&D-based growth model
Prettner, Klaus; Strulik, Holger - 2017
We analyze the effects of automation and education on economic growth and inequality in an R&D-based growth model with two types of labor: high-skilled labor that is complementary to machines and low-skilled labor that is a substitute for machines. The model predicts that innovation-driven...
Persistent link: https://www.econbiz.de/10011754634
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Directed Technological Change : A Knowledge-Based Growth Model
Pan, Shiyuan; Zou, Heng-Fu - 2013
We develop a knowledge-based endogenous growth model to address the issue of directed technological change, in which skilled workers are used both in innovation and consumer goods production. Using the model, we investigate how the direction of technological change influences scale effect and...
Persistent link: https://www.econbiz.de/10014214186
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Factor Prices and Technical Change : From Induced Innovations to Recent Debates
Acemoglu, Daron - 2015
This paper revisits the induced innovation literature of the 1960s to which Phelps was a major contributor (Drandakis and Phelps, 1965). This literature was the first systematic study of the determinants of technical change and also the first investigation of the relationship between factor...
Persistent link: https://www.econbiz.de/10014123117
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Localized and Biased Technologies : Atrkinson and Stiglitz's New View, Induced Innovations, and Directed Technological Change
Acemoglu, Daron - 2015
This paper revisits the important ideas proposed by Atkinson and Stiglitz's seminal 1969 paper on technological change. After linking these ideas to the induced innovation literature of the 1960s and the more recent directed technological change literature, it explains how these three...
Persistent link: https://www.econbiz.de/10013033817