Michelacci, Claudio; Pijoan-Mas, Joseph - Istituto Einaudi per l'Economia e la Finanza (EIEF) - 2014
We consider a competitive equilibrium growth model where technological progress is embodied into new jobs which are assigned to workers of different skills. In every period workers decide whether to actively participate in the labor market and if so how many hours to work on the job. Balanced...