Power, productivity and profits

New information and communication technologies, we argue, have been 'power-biased': in many industries they have allowed firms to monitor workers more closely, thus reducing the power of these workers. An efficiency wage model shows that 'power-biased technical change' in this sense may generate rising inequality accompanied by an increase in both unemployment and work intensity. JEL Categories: J31, O33

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Year of publication:	2007-01
Authors:	Skott, Peter ; Guy, Frederick
Institutions:	Department of Economics, University of Massachusetts-Amherst
Subject:	power-biased technical change \| efficiency wages \| inequality \| work intensity

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Extent:	application/pdf
Series:	UMASS Amherst Economics Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005533167