industries experiencing rapid technological change. What changed? Demand was highly elastic at first and then became inelastic …. The effect of artificial intelligence on jobs will similarly depend critically on the nature of demand. This paper … presents a simple model of demand that accurately predicts the rise and fall of employment in the textile, steel and automotive …

industries experiencing rapid technological change. What changed? Demand was highly elastic at first and then became inelastic …. The effect of artificial intelligence on jobs will similarly depend critically on the nature of demand. This paper … presents a simple model of demand that accurately predicts the rise and fall of employment in the textile, steel and automotive …

The paper presents a two-period "nutshell" model that explains the composition of labour demand when the labour market … of labor demand, nor the wage of permanent workers, assumed to be exogenous. This is the main difference with the more …

2003 and 2018, this paper introduces new stylized facts on how firms’ relative demand for labor and capital evolved as …