Innovation and sectoral employment: a trade-off between compensation mechanisms
- The question whether technological progress displaces employment or whether technological advance is beneficial for the level of employment has been in the core of economic dispute for over two centuries. The beneficial might be achieved by several compensation mechanisms within the economic system. In this paper we categorize these compensation mechanisms into two basic categories that reflect the different nature of the ideas ruling the compensation. We discriminate the mechanisms employment despite of innovation from employment via innovation. In the context of new innovation economics we model an artificial industry implementing both compensation mechanisms. Simulation analysis is used to examine the short run and the long run properties of the model. There we focus on the influence of wage restraint policy on the functioning of the compensation mechanism.
| Author: | Bernd EbersbergerORCiDGND, Andreas PykaORCiDGND |
|---|---|
| URN: | urn:nbn:de:bvb:384-opus4-276770 |
| Frontdoor URL | https://opus.bibliothek.uni-augsburg.de/opus4/27677 |
| Series (Serial Number): | Volkswirtschaftliche Diskussionsreihe (191) |
| Publisher: | Volkswirtschaftliches Institut, Universität Augsburg |
| Place of publication: | Augsburg |
| Type: | Working Paper |
| Language: | English |
| Year of first Publication: | 1999 |
| Publishing Institution: | Universität Augsburg |
| Release Date: | 2017/07/21 |
| Tag: | JEL: J3, L2, O3 |
| Pagenumber: | 25 |
| Institutes: | Wirtschaftswissenschaftliche Fakultät |
| Wirtschaftswissenschaftliche Fakultät / Institut für Volkswirtschaftslehre | |
| Dewey Decimal Classification: | 3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft |
| Journals: | Volkswirtschaftliche Diskussionsreihe |
| Licence (German): |  Deutsches Urheberrecht |
