Tornar a Working Papers

Paper #980

Títol:
Embodied technical change and the fluctuations of wages and unemployment
Autor:
Michael Reiter
Data:
Octubre 2006
Resum:
The paper shows that a matching model where technological change is partially embodied in the job match is successful in explaining the variability of unemployment and vacancies. If we incorporate long-term wage contracts into the model, it also explains a number of stylized facts on the dynamics of real wages, which have been found in the empirical labor literature.
Paraules clau:
Unemployment, wage dynamics, embodied technical change
Codis JEL:
E24, E32, J64
Àrea de Recerca:
Macroeconomia i Economia Internacional

Descarregar el paper en format PDF