Embodied technical change and the fluctuations of unemployment and wages

Michael Reiter

doi:10.1111/j.1467-9442.2007.00514.x

Embodied technical change and the fluctuations of unemployment and wages

Michael Reiter

Economics

Research output: Contribution to journal › Article › peer-review

Abstract

A matching model where technological change is partially embodied in the job match is shown to be successful in explaining the variability of unemployment and vacancies. If we incorporate long-term wage contracts into the model, it also explains a number of stylized facts on the dynamics of real wages, which have been found in the empirical labor literature.

Original language	English (US)
Pages (from-to)	695-721
Number of pages	27
Journal	Scandinavian Journal of Economics
Volume	109
Issue number	4
DOIs	https://doi.org/10.1111/j.1467-9442.2007.00514.x
State	Published - Dec 1 2007

Keywords

Embodied technical change
Unemployment
Wage dynamics

ASJC Scopus subject areas

Economics and Econometrics

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10.1111/j.1467-9442.2007.00514.x

Cite this

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Embodied technical change and the fluctuations of unemployment and wages

Abstract

Keywords

ASJC Scopus subject areas

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