 Technological Innovation and Employment (in Korean)KyuHo Kang ()
Economic Analysis (Quarterly), 2006, vol. 12, issue 1, 53-74 Abstract: This paper focuses on the following five issues; (1) What effect does technological innovation have on aggregate employment? (2) Has the effect changed over the past 20 years? (3) Are the empirical results with aggregate data consistent with those with industrial data? (4) Is there any interaction between idiosyncratic industrial technological shocks and employment in the industries affected? (5) Is the effect skill-biased? The estimation results indicate that technological shocks have had temporary and permanent effects on the level of aggregate employment over the past 10 years rather than in the preceding 20 years. That is to say that, since a structural break that occurred around 1993, technological shocks are found to have been favorable. These results differed widely across industries. Also we found that labor movement between industries as well as technology spillover effects have been caused by industrial level technological innovations. Finally, even though technological progress is favorable for aggregate employment, this effect was found to be skill-biased. Keywords: technological innovation; employment; structural VAR; skill-biased technological progress. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bok:journl:v:12:y:2006:i:1:p:53-74 Access Statistics for this article Economic Analysis (Quarterly) is currently edited by Wook Sohn, Hwan-koo Kang and Jaerang Lee More articles in Economic Analysis (Quarterly) from Economic Research Institute, Bank of Korea Contact information at EDIRC. |
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