Accueil
| Titre : | A Schumpeterian model of equilibrium unemployment and labor turnover (2000) |
| Auteurs : | M. Fuat Sener |
| Type de document : | Article : document électronique |
| Dans : | Journal of Evolutionary Economics (vol. 10 - n° 5, September 2000) |
| Article en page(s) : | pp. 557-583 |
| Langues: | Anglais |
| Catégories : |
Thésaurus CEREQ MODELE ECONOMIQUE ; ECONOMETRIE ; CHOMAGE ; INEGALITE SALARIALE ; ROTATION DE LA MAIN D'OEUVRE ; ETATS UNIS |
| Résumé : | This paper constructs a general equilibrium model of equilibrium unemployment by combining an endogenous growth model with a variant of equilibrium search theory. The analysis offers two explanations for the causes of widening wage gap between skilled and less-skilled labor, and rising unemployment rate among the less skilled: technological change in the form of an increase in the size of innovations or skilled labor saving technological change in R&D activity. In addition, the model identifies two distinct effects of faster technological progress on the aggregate unemployment rate. First, it increases the rate of labor turnover and therefore increases the aggregate unemployment rate – the creative destruction effect. Second, it creates R&D jobs, which offer workers complete job security, and consequently reduces the aggregate unemployment rate – the resource reallocation effect. (Journal of Evolutionary Economics) |
| Document Céreq : | Non |
| En ligne : | https://link.springer.com/article/10.1007/s001910000052 |
