Technology and labor regulations:
Many low skilled jobs have been substituted away for machines in Europe, or eliminated, much more so than in the US, while technological progress at the "top," i.e., at the high-tech sector, is faster in the US than in Europe. This paper suggests that the main difference between Europe and...
Gespeichert in:
| Beteiligte Personen: | , |
|---|---|
| Format: | Buch |
| Sprache: | Englisch |
| Veröffentlicht: |
Cambridge, Mass.
National Bureau of Economic Research
2006
|
| Schriftenreihe: | Working paper series / National Bureau of Economic Research
12581 |
| Links: | http://papers.nber.org/papers/w12581.pdf |
| Zusammenfassung: | Many low skilled jobs have been substituted away for machines in Europe, or eliminated, much more so than in the US, while technological progress at the "top," i.e., at the high-tech sector, is faster in the US than in Europe. This paper suggests that the main difference between Europe and the US in this respect is their different labor market policies. European countries reduce wage flexibility and inequality through a host of labor market regulations, like binding minimum-wage laws, permanent unemployment subsidies, firing costs, etc. Such policies create incentives to develop and adopt labor-saving capital intensive technologies at the low end of the skill distribution. At the same time technical progress in the US is more skill biased than in Europe, since American skilled wages are higher. |
| Beschreibung: | Literaturverz. S. 31 - 33 |
| Umfang: | 42 S. graph. Darst. 22 cm |
Internformat
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| 490 | 1 | |a Working paper series / National Bureau of Economic Research |v 12581 | |
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| 520 | |a Many low skilled jobs have been substituted away for machines in Europe, or eliminated, much more so than in the US, while technological progress at the "top," i.e., at the high-tech sector, is faster in the US than in Europe. This paper suggests that the main difference between Europe and the US in this respect is their different labor market policies. European countries reduce wage flexibility and inequality through a host of labor market regulations, like binding minimum-wage laws, permanent unemployment subsidies, firing costs, etc. Such policies create incentives to develop and adopt labor-saving capital intensive technologies at the low end of the skill distribution. At the same time technical progress in the US is more skill biased than in Europe, since American skilled wages are higher. | ||
| 700 | 1 | |a Zeira, Joseph |e Verfasser |0 (DE-588)130426229 |4 aut | |
| 776 | 0 | 8 | |i Erscheint auch als |n Online-Ausgabe |
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| illustrated | Illustrated |
| indexdate | 2024-12-20T13:23:18Z |
| institution | BVB |
| language | English |
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| physical | 42 S. graph. Darst. 22 cm |
| publishDate | 2006 |
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| series2 | Working paper series / National Bureau of Economic Research |
| spelling | Alesina, Alberto 1957-2020 Verfasser (DE-588)125845804 aut Technology and labor regulations Alberto Alesina ; Joseph Zeira Cambridge, Mass. National Bureau of Economic Research 2006 42 S. graph. Darst. 22 cm txt rdacontent n rdamedia nc rdacarrier Working paper series / National Bureau of Economic Research 12581 Literaturverz. S. 31 - 33 Many low skilled jobs have been substituted away for machines in Europe, or eliminated, much more so than in the US, while technological progress at the "top," i.e., at the high-tech sector, is faster in the US than in Europe. This paper suggests that the main difference between Europe and the US in this respect is their different labor market policies. European countries reduce wage flexibility and inequality through a host of labor market regulations, like binding minimum-wage laws, permanent unemployment subsidies, firing costs, etc. Such policies create incentives to develop and adopt labor-saving capital intensive technologies at the low end of the skill distribution. At the same time technical progress in the US is more skill biased than in Europe, since American skilled wages are higher. Zeira, Joseph Verfasser (DE-588)130426229 aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.> NBER working paper series 12581 (DE-604)BV002801238 12581 http://papers.nber.org/papers/w12581.pdf kostenfrei Volltext |
| spellingShingle | Alesina, Alberto 1957-2020 Zeira, Joseph Technology and labor regulations |
| title | Technology and labor regulations |
| title_auth | Technology and labor regulations |
| title_exact_search | Technology and labor regulations |
| title_full | Technology and labor regulations Alberto Alesina ; Joseph Zeira |
| title_fullStr | Technology and labor regulations Alberto Alesina ; Joseph Zeira |
| title_full_unstemmed | Technology and labor regulations Alberto Alesina ; Joseph Zeira |
| title_short | Technology and labor regulations |
| title_sort | technology and labor regulations |
| url | http://papers.nber.org/papers/w12581.pdf |
| volume_link | (DE-604)BV002801238 |
| work_keys_str_mv | AT alesinaalberto technologyandlaborregulations AT zeirajoseph technologyandlaborregulations |