Are the unemployed unemployable?

Gilles Saint-Paul

Research output: Contribution to journalArticlepeer-review


This paper develops a matching model of the labor market under wage rigidity when hiring decisions are irreversible. There are two types of workers, the skilled and the unskilled. The model is used to analyze whether technological advances may have increased unemployment. It is shown that it is likely to be so if they are associated with an increase in the productivity and/or the supply of skilled workers relative to unskilled workers. These effects are stronger when hiring decisions are more irreversible.

Original languageEnglish (US)
Pages (from-to)1501-1519
Number of pages19
JournalEuropean Economic Review
Issue number7
StatePublished - Aug 1996


  • Job matching
  • Labor demand
  • Skills
  • Unemployment

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics


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