Technological Complexity, Wage Differentials and Unemployment

A model is developed to analyse the relation between wages and technological complexity, as characterised by the "O-ring" theory of production. In equilibrium, the adoption of a relatively complex technology induces the employer to pay higher wages. We argue that the model can explain increased within-group wage inequality as a consequence of increased technological heterogeneity among firms

MoreLess

Year of publication:	2003
Authors:	Dalmazzo, Alberto
Publisher:	[S.l.] : SSRN
Subject:	Lohnstruktur \| Wage structure \| Theorie \| Theory \| Technischer Fortschritt \| Technological change \| Effizienzlohn \| Efficiency wages \| Produktionsfunktion \| Production function \| Arbeitslosigkeit \| Unemployment

Extent:	1 Online-Ressource (16 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Scandinavian Journal of Economics, Vol. 104, No. 4, pp. 515-530, 2002
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014091455