Technological Unemployment: A New View

Peter Matthews

Middlebury College Working Paper Series from Middlebury College, Department of Economics

Abstract: This paper extends the now familiar Shapiro-Stiglitz (1984) model of labor market behavior to reconsider the controversial proposition that some forms of innovation have persistent displacement effects. In particular, it finds that when distinctions between random production failures and reduced effort level are difficult to draw, the adoption f new methods of production that compel more effort, break down more often and/or allow for closer supervision will sometimes induce technological joblessness. The possible magnitude of such dislocation, its welfare effects and the possibilities for invention are then discussed in detail.

Keywords: labor discipline; technological change; displacement (search for similar items in EconPapers)
JEL-codes: E24 J41 O33 (search for similar items in EconPapers)
Pages: 43 pages
Date: 2002-06
New Economics Papers: this item is included in nep-lab and nep-pke
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