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Author : Fabienne Ilzkovitz
Release : 1987
Genre :
Kind : eBook
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Book Synopsis Capital/labour Substitution and Its Impact on Employment by : Fabienne Ilzkovitz
Download or read book Capital/labour Substitution and Its Impact on Employment written by Fabienne Ilzkovitz. This book was released on 1987. Available in PDF, EPUB and Kindle. Book excerpt:
Author : F. Ilzkovitz
Release : 1987
Genre :
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Economic papers by : F. Ilzkovitz
Download or read book Economic papers written by F. Ilzkovitz. This book was released on 1987. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mr.Bob Rowthorn
Release : 1999-03-01
Genre : Business & Economics
Kind : eBook
Book Rating : 304/5 ( reviews)
Book Synopsis Unemployment, Capital-Labor Substitution, and Economic Growth by : Mr.Bob Rowthorn
Download or read book Unemployment, Capital-Labor Substitution, and Economic Growth written by Mr.Bob Rowthorn. This book was released on 1999-03-01. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the influence of economic growth on the equilibrium unemployment rate (NAIRU). It examines how income distribution and the NAIRU are influenced by capital formation, technical progress, and labor force expansion, and how these factors’ impact depends on the elasticity of substitution between capital and labor. The paper distinguishes between the short-run NAIRU when capital stock is exogenous, and the long-run NAIRU when it is endogenous. It also considers how the analysis must be modified to take into account Keynesian ideas concerning the role of aggregate demand. It concludes that unless the capital stock grows in line with labor supply in efficiency units, the short-run NAIRU will increase, reducing the scope for demand stimulation.
Author : J. Gaude
Release : 1974
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Book Synopsis Technology and Employment Project by : J. Gaude
Download or read book Technology and Employment Project written by J. Gaude. This book was released on 1974. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Gilbert Cette
Release : 2016
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Book Synopsis Labour Market Regulations and Capital Labour Substitution by : Gilbert Cette
Download or read book Labour Market Regulations and Capital Labour Substitution written by Gilbert Cette. This book was released on 2016. Available in PDF, EPUB and Kindle. Book excerpt: On the basis of a country*industry unbalanced panel data sample for 14 OECD countries and 18 industries covering the years 1988 to 2007, this study proposes an econometric investigation of the effects of the OECD Employment Protection Legislation (EPL) indicator on four components of total capital and for two skill components of total labor. Relying on a difference-in-difference econometric approach, we find that an increase in EPL has (i) positive and significant effects on the non-ICT capital - labor ratio and the share of high-skill labor; (ii) non-significant effects on the ICT capital - labor ratio; (iii) negative and significant effects for R&D capital - labor ratio and the share of low-skilled labor. These results suggest that firms consider that the strengthening of Employment Protection Legislation is equivalent to a rise in the cost of labour, resulting in capital-to-labour substitution in favour of non-ICT capital and working at the disadvantage of low-skill relatively to high-skill workers. They indicate to the contrary that structural reforms for more labour flexibility weakening this legislation could have a favourable impact on firms' R&D investment and their hiring of low-skill workers.
