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The mean duration of unemployment has approximately doubled in the U.S. between the early 1950s and the mid-1990s, with most of the increase occurring since the early 1970s. We first construct a simple model linking the average duration of unemployment with the speed of technical change. Using...
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for 44 industries over the period from 1970 to 1990, I find that computer investment per worker has had a positive and …
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