Abstract
This paper shows that different labor market policies can lead to differences in technology across sectors in a model of labor saving technologies. Labor market regulations reduce the skill premium and as a result, if technologies are labor saving, countries with more stringent labor regulation, which bind more for low skilled workers, become less technolog- ically advanced in their high skill sectors, but more technologically advanced in their low skill sectors. We then present data on capital-output ratios, on estimated productivity levels and on patent creation, which tend to support the predictions of our model.
Lingua originale | English |
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pagine (da-a) | 41-78 |
Numero di pagine | 38 |
Rivista | Journal of Economic Growth |
Stato di pubblicazione | Published - 2018 |
All Science Journal Classification (ASJC) codes
- Economics and Econometrics