Labor Market Adjustments to Structural Change and Technological Progress

Labor Market Adjustments to Structural Change and Technological Progress PDF

Author: Eileen R. Appelbaum

Publisher: Praeger

Published: 1990-10-17

Total Pages: 272

ISBN-13:

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This volume brings together an international group of contributors to explore the impacts of structural economic change and technological progress on labor markets. The contributors goal is to present an in-depth comparative study of the ways in which different national economies have adjusted to structural changes like the shift to service-based economies and technological changes brought about by the increasing use of the computer in offices and on the production line. Examining the adjustment process from both a micro and macro perspective, the contributors analyze the flexibility potentials within the different institutional organizations of the labor market in the U.S., France, West Germany, Great Britain, and Sweden. The study begins with a comprehensive introduction written by the editors which discusses the problem of structural and technological change in economic, social, and political terms. Two subsequent chapters address the economic structures of post-industrial society and the differential characteristics of employment growth in service industries. The contributors then present individual analyses of the labor market situation in the five countries under study as well as two general studies of institutions regulating the labor market and flexibility within the labor market. Throughout, the contributors are concerned with key issues such as which systems seem to adapt best, how skill and educational needs may be met in the changing labor market, and the importance of flexibility in a system characterized by ongoing structural and technological change. Ideal as supplementary reading for advanced courses in labor economics and industrial organization, this volume offers important new insights into labor market flexibility in the face of significant and continuing change.

Globalization of the Economy, Unemployment and Innovation

Globalization of the Economy, Unemployment and Innovation PDF

Author: Paul J.J. Welfens

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 257

ISBN-13: 3642584675

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Economic globalization has intensified since the 1980s and created faster channels of international interdependence and an accelerating technology race. In this new asymmetric world economy the EU is facing a dynamic and flexible US system which takes advantage of the global quest for foreign direct investment. Innovation policies in the EU - in particular in Germany - are found to be rather inadequate. There are also new theoretical challenges where a "structural macro model" and a Schumpetrian model of innovation and full employment are presented as new approaches. Besides theoretical challenges the increasing global dynamics raise new problems of international policy coordination which could lead to unsustainable economic globalization.

Technology, Growth, and the Labor Market

Technology, Growth, and the Labor Market PDF

Author: Donna K. Ginther

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 277

ISBN-13: 1461503256

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Technology, Growth, and the Labor Market brings together research by economists from academia and the Federal Reserve System. The first section of the volume includes discussions by monetary policymakers with firsthand experience in determining how technology affects productivity, inequality, and macroeconomic growth. Papers in the second section discuss the sources of the surge in labor productivity growth during the latter half of the 1990s and present forecasts of labor productivity growth rates during the next few years. In the third section, the papers focus on the role of technological advances in changes in earnings inequality in the labor market. The authors examine whether inequality should be viewed as a causal result of skill-biased technological change or whether there is a missing link - or perhaps no link - between changes in technology and changes in wage inequality. The final section explores the relationships between computer investment, worker skills, human resource practices, and productivity at the industry and firm levels.

The Impact of Technological Change on Employment and Economic Growth

The Impact of Technological Change on Employment and Economic Growth PDF

Author: Richard Michael Cyert

Publisher: Ballinger Publishing Company

Published: 1988

Total Pages: 584

ISBN-13:

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Job desplacement; The employment and labor market adjustment: evidence from the displaced worker surveys; Technological change and the extent of frictional and structural unemployment; The effects of technological change on skills and the distribution of earnings and income; Sectoral patterns of technology adoption; Trade, tax, and diffusion policy issues.

Technology and the Future of Work

Technology and the Future of Work PDF

Author: Adrian Peralta-Alva

Publisher: International Monetary Fund

Published: 2018-10-01

Total Pages: 28

ISBN-13: 1484379705

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This paper uses a DSGE model to simulate the impact of technological change on labor markets and income distribution. It finds that technological advances offers prospects for stronger productivity and growth, but brings risks of increased income polarization. This calls for inclusive policies tailored to country-specific circumstances and preferences, such as investment in human capital to facilitate retooling of low-skilled workers so that they can partake in the gains of technological change, and redistributive policies (such as differentiated income tax cuts) to help reallocate gains. Policies are also needed to facilitate the process of adjustment.

The Labor Market Dynamics of Economic Restructuring

The Labor Market Dynamics of Economic Restructuring PDF

Author: Ronald Schettkat

Publisher: Praeger

Published: 1992-02-28

Total Pages: 240

ISBN-13:

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This study develops a framework for the analysis of labour market dynamics based upon a new dynamic flow analysis instead of the conventional labour stock data. To identify the dynamic elements in the labour market, information on flows is needed. Flow data that have become available in recent years - in this case on the US and Germany - show that an enormous amount of labour market mobility is occurring every month. Schettkat analyzes two of the world's most dynamic economies and labour markets - showing that the unemployed are far from being a fixed bloc but are rather a changing population responding greatly to structural alterations.

The Labor Market and Economic Adjustment

The Labor Market and Economic Adjustment PDF

Author: Pierre-Richard Agénor

Publisher: International Monetary Fund

Published: 1995-11-01

Total Pages: 98

ISBN-13: 1451854781

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This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of these markets. It then studies the implications of wage inertia, nominal contracts, labor market segmentation, and impediments to labor mobility for stabilization policies. The effect of labor market reforms on economic flexibility and the channels through which labor market imperfections alter the effects of structural adjustment measures are discussed next. The last part of the paper identifies a variety of issues that may require further investigation, such as the link between changes in relative wages and the distributional effects of adjustment policies.

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