Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/243513 
Year of Publication: 
2021
Series/Report no.: 
LEM Working Paper Series No. 2021/17
Publisher: 
Scuola Superiore Sant'Anna, Laboratory of Economics and Management (LEM), Pisa
Abstract: 
This paper presents an agent-based model (ABM) of endogenous arrival of technological paradigms and new sectors entailing different patterns of labour creation and destruction, as well as of consumption dynamics. The model, building on the labour-augmented K+S ABM, addresses the long-term patterns of labour demand emerging from heterogeneous forms of technical change. It provides a multi-level, integrated perspective on so called scenarios of the future of work, currently often restricted or to firm-level or to short-time sectoral analyses, and studies the conditions under which labour creation and destruction tend to balance. It is a relatively fair and stable distribution of income granted by a Fordist-type of regulation of the labour market that guarantees that the model never reaches stages of full technological unemployment. Patterns of coordination between technical change and aggregate demand are also ensured by the increasing product complexity which keeps on absorbing the labour force.
Subjects: 
Technical change
technological unemployment
structural change
consumption patterns
JEL: 
J51
E02
E24
C63
Document Type: 
Working Paper

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