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We analyze how firms adjust their labor in response to idiosyncratic shifts in their production function and demand curves using a unique data-set of Swedish manufacturing firms. We show that permanent shocks to firm-level demand is a main driving force behind both job and worker reallocation....
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This editorial shows how the digital economy continuously reshapes work and employment. Based on a literature review, it illustrates that digitalization frequently implies job loss, de-skilling and measures to restrict co-determination and participation of labor. However, digitalization also...
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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 IT revolution has had dramatic effects on jobs and the labor market. Many routine manual and cognitive tasks have been automated, replacing workers. By contrast, new technologies complement and create new non-routine cognitive and social tasks, making work in such tasks more productive, and...
Persistent link: https://www.econbiz.de/10013413272
technology? This paper presents a critical review of the empirical literature and outlines both lessons learned and challenges … outcomes across studies-still stand, including (i) the variable used as a proxy for technology, (ii) the level of aggregation …
Persistent link: https://www.econbiz.de/10013455842
technology? This paper presents a critical review of the empirical literature and outlines both lessons learned and challenges … outcomes across studies-still stand, including (i) the variable used as a proxy for technology, (ii) the level of aggregation …
Persistent link: https://www.econbiz.de/10013459738