Tag Archives: Technological Change

Inequality and Technological Change: The Skill Complementarity of Broadband Internet

A very interesting paper from Anders Akerman, Ingvil Gaarder, Magne Mogstad: Does adoption of broadband internet in firms enhance labor productivity and increase wages? And is this technological change skill biased or factor neutral? We exploit rich Norwegian data with firm-level information on … Continue reading

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Fiscal Policy in a Changing World

From Larry Summers: I invite you to consider how the prodigious change associated with information technology that may be qualitatively different from past technological change may have defining implications for our economy going forward. If I have caused you to … Continue reading

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Technological Change through History: the View from 30,000 feet

Brad Delong has a an outstanding post on technological change. He categorizes how people add value and shows how technological change alters these categories. It’s interesting to think about his post and these issues in terms of a simple (classical) model and … Continue reading

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Who Benefits from Technological Change?

Given recent concern about technological change and how it is wrecking the middle class, I thought I’d share a simple illustration of what classical economic models* imply about the relationship between productivity growth and the returns to workers and capital owners. … Continue reading

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Untangling Trade and Technology: Evidence from Local Labor Markets

From David Autor, David Dorn, and Gordon Hanson: We juxtapose the effects of trade and technology on employment in U.S. local labor markets between 1990 and 2007. Labor markets whose initial industry composition exposes them to rising Chinese import competition … Continue reading

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The Growth of Low Skill Service Jobs and the Polarization of the U.S. Labor Market

From David Autor and David Dorn: We offer an integrated explanation and empirical analysis of the polarization of U.S. employment and wages between 1980 and 2005, and the concurrent growth of low skill service occupations. We attribute polarization to the … Continue reading

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What economic problem keeps Larry Summers up at night?

What about the economy now keeps you in cold sweats at night?  I worry for the medium and long term about where the jobs are going to come from for those with fewer skills. One in five men between 25 … Continue reading

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