Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/322941 
Year of Publication: 
2015
Series/Report no.: 
U.S.E. Discussion Papers Series No. 15-15
Publisher: 
Utrecht University, Utrecht School of Economics, Tjalling C. Koopmans Research Institute, Utrecht
Abstract: 
This paper examines three empirical phenomena that have recently been discussed in the literature: job polarization, deindustrialization and Baumol's cost disease. Although assumed to be driven by the same process of recent technological change, each of these phenomena is explained differently by existing models and empirical analyses. Building on the existing literature, this paper therefore presents a unifying framework to derive critical assumptions that are consistent with all three stylized facts. Moreover, the paper presents empirical evidence for the US and 12 European countries in support of the hypothesis that job polarization, deindustrialization and Baumol's cost disease are intrinsically related phenomena following from ongoing technological progress.
Subjects: 
Labor Demand
Technology
Sector Employment
JEL: 
J21
J23
J24
Document Type: 
Working Paper

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