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We study the effects of technology shocks on labor market dynamics. We provide evidence that a positive technology … and price rigidities can be more successful. On this ground, we argue that to explain the effects of technology shocks on …
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The sticky-price theory has proved fairly successful in explaining the dynamic effects of technology shocks on … claim victory: it fails to account for the observed wage dynamics following technology shocks unless one is willing to … research suggests, provides a better account for the macroeconomic effects of technology shocks on the labor market …
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The deterioration of the income and employment position of unskilled workers in the OECD since the 1980s is a well-documented fact. The debate about the causes of this development is dominated by two competing hypotheses, "North-South Trade" ("globalisation") and technological progress. Several...
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