6533b7d2fe1ef96bd125f823
RESEARCH PRODUCT
Technology and Labor Regulations: Theory and Evidence
Alberto AlesinaJoseph ZeiraMichele Battistisubject
Economics and EconometricsLabour economicsComputingMilieux_THECOMPUTINGPROFESSIONSecondary labor market05 social sciencesTechnology choicejel:J50Technology choice Cost of labor Skill premium Labor regulationsHigh skilljel:J31Labor savingComputingMilieux_GENERAL0502 economics and businessjel:O33Economics050207 economicsSettore SECS-P/01 - Economia PoliticaProductivityLow skilled050205 econometricsdescription
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.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2015-01-01 |