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Title:Power, productivity and profits PDF Logo
Authors:Guy, Frederick
Skott, Peter
Issue Date:2007
Series/Report no.:Working Paper, University of Massachusetts, Department of Economics 2007-02
Abstract:New information and communication technologies, we argue, have been 'power-biased': in many industries they have allowed firms to monitor workers more closely, thus reducing the power of these workers. An efficiency wage model shows that 'power-biased technical change' in this sense may generate rising inequality accompanied by an increase in both unemployment and work intensity.
Subjects:power-biased technical change
efficiency wages
inequality
work intensity
JEL:J31
O33
Document Type:Working Paper
Appears in Collections:Working Papers, Department of Economics, University of Massachusetts

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