Savings, expectations and technological unemployment : a generalization of assumptions for the Hicksian fixwage traverse / Margit Kraus and Steffen Wirth

By: Contributor(s): Resource type: Ressourcentyp: BuchBookLanguage: English Series: Discussion paper ; 00,29 : Public finance and corporate taxationPublisher: Mannheim : ZEW, 2000Description: 20 S. : graph. DarstSubject(s): Genre/Form: Additional physical formats: Erscheint auch als: Savings, expectations and technological unemployment. Online-Ausgabe Mannheim : ZEW, 2000. 1 Online-Ressource (circa 24 Seiten)DDC classification:
  • 330
RVK: RVK: QC 344Summary: This paper examines the role of alternative assumptions on savings and expectations for the fixwage traverse with strong forward biased technological change. After briefly outlining the model, some peculiarities of the adjustment path under the Hicksian Q-Assumption are investigated. Subsequently, the consequences of several savings functions consistent with the assumption of static expectations are explored. With all but one of these assumptions the possibility of permanent technological unemployment emerges. Additionally, the assumption of adaptive expectations is introduced, in which case technological unemployment throughout the early phase prevails. Furthermore, oscillating growth rates emerge, indicating the possibility of technologically caused business cycles.Call number: Grundsignatur: 2001 B 188PPN: PPN: 1156023203
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Item type Home library Shelving location Call number Status Barcode
Magazinbestand ausleihbar Bibliothek Campus Süd Geschlossenes Magazin 2001 B 188 Available 09043066207
Total holds: 0
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