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growth on unemployment compared to the standard matching model with disembodied technological progress … unemployment rate, using a search and matching model. We incorporate disembodied technological progress and on-the-job search into … faster growth to reduce unemployment by decreasing the separation rate and inducing job creation. We demonstrate that …
Persistent link: https://www.econbiz.de/10014208790
emerging economies. No link between digital adoption and the unemployment rate is found, however. To explain this evidence, we … build a general equilibrium search-and-matching model with endogenous labor force participation, self-employment, endogenous …
Persistent link: https://www.econbiz.de/10012137301
I construct and analyze a growth model in which technical change can increase unemployment. I first analyze the forces …, this change leads to faster growth in output per worker and wages, but it also yields higher unemployment and a lower labor … that deliver a constant steady state unemployment rate in this setting. Labor-saving technical change increases …
Persistent link: https://www.econbiz.de/10014583789
) characterize responses of unemployment to productivity changes for a general matching technology; and (3) show how a matching … to fill vacancies, but search frictions prevent firms from instantly hiring available workers. Unemployment persists … unemployment responds to productivity changes depends on resources that can be allocated to job creation. Yet, this …
Persistent link: https://www.econbiz.de/10014348607
to zero in the long run. We show that these restrictions imply that unemployment due to automation is expected to …
Persistent link: https://www.econbiz.de/10012916066
persistent unemployment level, and wages stickiness. On the aggregate level, we observe a self-enforcing process of real income … growth and average productivity growth. Model simulations allow us study the role of dynamic interactions among agents … processes governing the labor market, such as job search by individuals, and matching and bargaining among firms and potential …
Persistent link: https://www.econbiz.de/10001690372
's technology choice is embedded in a search theoretic framework for unemployment. More advanced technology is assumed to have a … increase in the unemployment benefit leads to an increase in the equilibrium wage rate, giving an incentive to firms to choose … a more advanced technology. Thus, this result regarding unemployment insurance in models with wage posting carries …
Persistent link: https://www.econbiz.de/10013454398
The paper shows that a matching model where technological change is partially embodied in the job match is successful … in explaining the variability of unemployment and vacancies. If we incorporate long-term wage contracts into the model …
Persistent link: https://www.econbiz.de/10012726437
This study investigates the effects of embodied technological progress on unemployment using a search-matching model … unemployment, as supported by recent estimates. This result is attributable mainly to a change in surviving firms' composition …
Persistent link: https://www.econbiz.de/10013218674
growth model with endogenous work-leisure choice, we assess the role of trend growth slowdown in accounting for the decline … in hours worked. In the model, a permanent reduction in technological growth decreases steady state hours worked by … the decline in technological growth to show that technological growth has a highly significant positive effect on hours. A …
Persistent link: https://www.econbiz.de/10013222213