Franklin

Technological Change, Relative Wages, and Unemployment [electronic resource] Aizenman, Joshua.

Author/Creator:
Aizenman, Joshua.
Publication:
Washington, D.C. : International Monetary Fund, 1994.
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 94/111.
IMF Working Papers; Working Paper No. 94/111
Format/Description:
Government document
Book
1 online resource (36 p.)
Local subjects:
Adverse employment effect. (search)
Aggregate employment. (search)
Benefits. (search)
Composition of employment. (search)
Employment. (search)
Employment effect. (search)
Employment effects. (search)
Employment level. (search)
Employment opportunities. (search)
Employment probability. (search)
Equilibrium unemployment. (search)
Finding employment. (search)
Full employment. (search)
Job search. (search)
Keynesian unemployment. (search)
Labor demand. (search)
Minimum wage. (search)
Previous unemployment benefits. (search)
Rate of unemployment. (search)
Skilled labor. (search)
Total employment. (search)
Total labor force. (search)
Unemployed. (search)
Unemployment. (search)
Unemployment benefit. (search)
Unemployment benefit systems. (search)
Unemployment benefits. (search)
Unemployment equilibrium. (search)
Unemployment queue. (search)
Unemployment rate. (search)
Wage. (search)
Wage level. (search)
Wage structure. (search)
Wage structures. (search)
Wages. (search)
Grenada. (search)
United Kingdom. (search)
United States. (search)
Summary:
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.
Notes:
Description based on print version record.
Contributor:
Agénor, Pierre-Richard.
Aizenman, Joshua.
Other format:
Print Version:
ISBN:
1451853408:
9781451853407
ISSN:
1018-5941
Publisher Number:
10.5089/9781451853407.001
Access Restriction:
Restricted for use by site license.
Loading...
Location Notes Your Loan Policy
Description Status Barcode Your Loan Policy