Technology choice: the output and employment tradeoff.
Suppose, unlike the endogenous growth literature, that technological innovation may actually create structural problems. If capital and labor inputs of specific skill levels are complementary, and new technology changes the skill mix needs, then this mismatch may create underemployment or unemploym...
| Publicado en: | American Journal of Economics & Sociology Vol. 57; pp. 27 - 47 |
|---|---|
| Autores principales: | , , |
| Formato: | Artículo |
| Publicado: |
Wiley-Blackwell
January 1998
|
| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=510875077&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 510875077 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00029246 AES jtl: American Journal of Economics & Sociology issn: 00029246 maglogo: N pubinfo: dt: January 1998 vid: 57 pid: 480 pub: Wiley-Blackwell artinfo: ui: 510875077 10.1111/j.1536-7150.1998.tb03256.x ppf: 27 ppct: 20 formats: fmt: @attributes: type: T tig: atl: Technology choice: the output and employment tradeoff. aug: au: Goldberg, Kalman Highfill, Jannett McAsey, Michael su: Technological unemployment Mathematical models of unemployment Employment Mathematical models Underemployment sug: subj: Technological unemployment Mathematical models of unemployment Employment Mathematical models Underemployment ab: Suppose, unlike the endogenous growth literature, that technological innovation may actually create structural problems. If capital and labor inputs of specific skill levels are complementary, and new technology changes the skill mix needs, then this mismatch may create underemployment or unemployment. High-tech investment maximizes output but at the expense of unemployment of unskilled workers; lower-tech investment results in smaller unskilled labor unemployment, but a smaller increase in output (or underemployment of skilled labor). A policy solution for this tradeoff is to allocate investment between physical capital and human capital in the right proportions to ensure both maximum output and full employment. Reprinted by permission of the publisher. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
|---|