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http://hdl.handle.net/10419/21479
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| Title: | | Uneven Technical Progress and Unemployment  |
| Authors: | | Gersbach, Hans Schniewind, Achim |
| Issue Date: | | 2002 |
| Series/Report no.: | | IZA Discussion paper series 478 |
| Abstract: | | In a two-sector-economy with real wage rigidity, we examine how technical progress in one sector affects aggregate unemployment. We show that aggregate unemployment decreases for uneven technical change in the case of Cobb-Douglas production functions. For every type of technical progress there are also elasticities of substitution in production and utility functions leading to a rise in unemployment. Moreover, we identify polar cases when unemployment strongly decreases. |
| Subjects: | | uneven technical progress elasticities of substitution unemployment |
| JEL: | | E24 D58 L13 J60 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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