Abstract:
A small literature on General Purpose Technology has emerged in recent years. It has studied a number of channels through which a new technology affects the economy, such as secondary innovations and diffusion. Our goal is to examine new channels of adjustment that operate through labor markets. For this purpose we distinguish between experience, that individuals acquire by working with a technology, and knowledge, that they acquire via education and training.
More papers in Working Papers from Tel Aviv Address: Israel TEL-AVIV UNIVERSITY, THE FOERDER INSTITUTE FOR ECONOMIC RESEARCH, RAMAT AVIV 69 978 TEL AVIV ISRAEL. Contact information at EDIRC. Series data maintained by Thomas Krichel ().
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