Technological Progress, Employment and the Lifetime of Capital
Raouf Boucekkine,
Natali Hritonenko and
Yuri Yatsenko
Additional contact information
Natali Hritonenko: Prairie View - Texas A&M University System
Working Papers from HAL
Abstract:
We study the impact of technological progress on the level of employment in a vintage capital model where: i) capital and labor are gross complementary; ii) labor supply is endogenous and indivisible; iii) there is full employment, and iv) the rate of labor-saving technological progress is endogenous. We characterize the stationary distributions of vintage capital goods and the corresponding equilibrium values for employment and capital lifetime. It is shown that both variables are non-monotonic functions of technological progress indicators. Technological accelerations are found to increase employment provided innovations are not too radical.
Keywords: vintage capital; technological progress; employment; compensation theory (search for similar items in EconPapers)
Date: 2015-12
New Economics Papers: this item is included in nep-dge and nep-ino
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-01247351
References: Add references at CitEc
Citations:
Downloads: (external link)
https://shs.hal.science/halshs-01247351/document (application/pdf)
Related works:
Chapter: Technological Progress, Employment and the Lifetime of Capital (2017)
Working Paper: Technological Progress, Employment and the Lifetime of Capital (2017)
Working Paper: Technological Progress, Employment and the Lifetime of Capital (2015)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:hal:wpaper:halshs-01247351
Access Statistics for this paper
More papers in Working Papers from HAL
Bibliographic data for series maintained by CCSD (hal@ccsd.cnrs.fr).