Endogenous skilled-biased technological change and matching unemployment

Manfred Stadler and Rüdiger Wapler

No 220, Tübinger Diskussionsbeiträge from University of Tübingen, School of Business and Economics

Abstract: This paper presents a general-equilibrium model of endogenous skilled-biased technological change and matching unemployment in a disaggregated economy. We simultaneously endogenise both the direction and pace of technological change as well as the unemployment rates. We show that an increase in the supply of high-skilled labour can explain skilled-biased technological change, a reduction in high-skilled unemployment and a rise in the high-skilled wage differential. In accordance with convincing empirical evidence, the high-skilled suffer from shorter and fewer spells of unemployment.

JEL-codes: J21 J41 J64 O31 O41 (search for similar items in EconPapers)
Date: 2001
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Citations: View citations in EconPapers (5)

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Journal Article: Endogenous Skilled-biased Technological Change and Matching Unemployment (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:tuedps:220

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