Title: The Perverse Dynamics of Growth-Induced Unemployment
Abstract: This paper investigates and provides a comparison of the short- and long-run effects of technological progress on employment. It presents a simple standard model of matching unemployment that captures the negative creative destruction effects of technological change on employment. In the long-run, faster technological change implies faster job obsolescence, which is detrimental to the equilibrium level of employment.
Publication Year: 1998
Publication Date: 1998-01-01
Language: en
Type: preprint
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Cited By Count: 3
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