New technology embodied in capital equipment can be adopted either through destruction
of existing jobs and the creation of new ones or by renovation, updating the job's equipment …

This article compares the short‐and long‐run effects of technological progress on
employment. It presents a simple model of frictional unemployment capturing the negative …

Theoretical predictions of the impact of total factor productivity (TFP) growth on
unemployment are ambiguous, and depend on the extent to which new technology is …

This book is an important addition to what can be broadly referred to as the national systems
of innovation (NSI) approach. The particular contribution of the book is in the examination of …

We find that technology's effect on employment varies greatly across manufacturing
industries. Some industries exhibit a temporary reduction in employment in response to a …

Understanding whether technical change is beneficial or detrimental for employment is at
the center of the policy debate, especially in phases of economic recession. So far, the …

We develop a model of vintage human capital in which each technology requires vintage-
specific skills. We examine the properties of a stationary equilibrium for our economy. The …

How does technical change affect the demand for labour? When will it tend to increase
unemployment? Recent advances in electronics have lent these old questions2 a fresh and …

We examine the concerns that new technologies will render labor redundant in a framework
in which tasks previously performed by labor can be automated and new versions of existing …

This paper analyzes a model of economic growth, with technological innovations that reduce
labor requirements but raise capital requirements. The paper has two main results. The first …