The Dynamics of Technological Unemployment
โ Scribed by Fabien Postel-Vinay
- Book ID
- 108563844
- Publisher
- John Wiley and Sons
- Year
- 2002
- Tongue
- English
- Weight
- 244 KB
- Volume
- 43
- Category
- Article
- ISSN
- 0020-6598
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๐ SIMILAR VOLUMES
## Abstract This paper examines the extent of state dependence in unemployment and the role played in this by intervening lowโwage employment. A range of dynamic random and fixedโeffects estimators are compared. Lowโwage employment is found to have almost as large an adverse effect as unemployment
The variable lifetime of assets is analyzed in a serial replacement problem. Technological change impacts the maintenance cost and new asset cost. The optimal asset lifetime appears to be constant only when both costs decrease with the same rate. We identify cases when the technological change decre