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Birk, Angela. |
How does technical progress affect long-term unemployment? The relationship between long-term unemployment and the rate of growth attributable to technical progress is evaluated in a growth-matching-model with heterogeneous jobless workers and with endogenously determined long-term unemployed resulting from skill-depreciation. For innovation economies characterized by high steady-state levels of capital intensities the model shows that, due to a capitalization effect and a qualification-mismatch effect, increasing technological progress has adverse implications for long-term unemployment. Furthermore, for imitation economies with low steady-state capital intensities increasing technological progress can be either favorable or less favorable for long-term... |
Tipo: Working or Discussion Paper |
Palavras-chave: Long-term unemployment; Mismatch; Growth; Search; Matching; Labor and Human Capital; E24; J41; O41. |
Ano: 2001 |
URL: http://purl.umn.edu/26181 |
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