Jobless Growth: Appropriability, Factor-Substitution, and Unemployment

Ricardo Caballero () and M.L. Hammour

Working papers from Massachusetts Institute of Technology (MIT), Department of Economics

Abstract: A central determinant of the political economy of capital-labor relations is tha appropriability of specific quasi-rents. This paper is concerned with the general-equilibrium interaction of appropriability and characteristics of technology - nam ely, the embodiment of technology in capital and capital-labor substitutability in the technological menu.

Keywords: LABOUR MARKET; UNEMPLOYMENT; TECHNOLOGY (search for similar items in EconPapers)
JEL-codes: O30 O33 (search for similar items in EconPapers)
Pages: 31 pages
Date: 1997
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Citations: View citations in EconPapers (41)

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Related works:
Journal Article: Jobless growth: appropriability, factor substitution, and unemployment (1998)
Working Paper: Jobless Growth: Appropriability, Factor Substitution, and Unemployment (1997)
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