Technological Change, Relative Wages, and Unemployment:
This paper examines the effect of skill-biased technological change on the structure of wages, the composition of employment and the level of unemployment in a two-sector economy with a heterogenous work force. Efficiency wage considerations and minimum wage legislation lead to labor market segmenta...
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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1994
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Schriftenreihe: | IMF Working Papers
Working Paper No. 94/111 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | This paper examines the effect of skill-biased technological change on the structure of wages, the composition of employment and the level of unemployment in a two-sector economy with a heterogenous work force. Efficiency wage considerations and minimum wage legislation lead to labor market segmentation. A technological shock that reduces the demand for unskilled labor and raises the demand for skilled labor in the primary, high-wage sector is shown to increase the relative wage of skilled workers and reduce aggregate employment as well as the employment level of unskilled workers in that sector. The net effect of the shock on the employment level of skilled workers is mitigated by the existence of efficiency factors |
Beschreibung: | 1 Online-Ressource (36 p) |
ISBN: | 1451853408 9781451853407 |
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spelling | Aizenman, Joshua Verfasser aut Technological Change, Relative Wages, and Unemployment Aizenman, Joshua Washington, D.C International Monetary Fund 1994 1 Online-Ressource (36 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 94/111 This paper examines the effect of skill-biased technological change on the structure of wages, the composition of employment and the level of unemployment in a two-sector economy with a heterogenous work force. Efficiency wage considerations and minimum wage legislation lead to labor market segmentation. A technological shock that reduces the demand for unskilled labor and raises the demand for skilled labor in the primary, high-wage sector is shown to increase the relative wage of skilled workers and reduce aggregate employment as well as the employment level of unskilled workers in that sector. The net effect of the shock on the employment level of skilled workers is mitigated by the existence of efficiency factors Online-Ausg Agénor, Pierre-Richard Sonstige oth http://elibrary.imf.org/view/IMF001/06750-9781451853407/06750-9781451853407/06750-9781451853407.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Aizenman, Joshua Technological Change, Relative Wages, and Unemployment |
title | Technological Change, Relative Wages, and Unemployment |
title_auth | Technological Change, Relative Wages, and Unemployment |
title_exact_search | Technological Change, Relative Wages, and Unemployment |
title_exact_search_txtP | Technological Change, Relative Wages, and Unemployment |
title_full | Technological Change, Relative Wages, and Unemployment Aizenman, Joshua |
title_fullStr | Technological Change, Relative Wages, and Unemployment Aizenman, Joshua |
title_full_unstemmed | Technological Change, Relative Wages, and Unemployment Aizenman, Joshua |
title_short | Technological Change, Relative Wages, and Unemployment |
title_sort | technological change relative wages and unemployment |
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