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Because the effects of technical change are hard to measure directly.
It was as if, in the 1950s, a fuss had been made over art done with ball-point pens.The politics came over more as attitude than agenda in rueful musing on the unknown effects of technical change and economic growth.
Ahituv and Zeira (2011) identify the wage and erosion effects of technical change on early retirement.
The antitrust office says it will start by looking into the effects of technical developments on the market structure and market opportunities of the various players involved.
We can rationalize the non-monotonic relation between early retirement and technical change with the two countervailing effects of technical change.
We can try to disentangle the contemporaneous effects of technical change on both the erosion of skills and the wage of individuals as previously done in the literature.
Similar(32)
Perhaps this weary ambivalence is just evidence of the anaesthetising effect of technical expertise – not so much technological determinism as technological fatalism.
As for the effect of technical change on earnings, Francis Kramarz, an economist at CREST-CNRS, a research centre in Paris, is sceptical.
Other papers have studied the effect of technical change on early retirement.
We re-examine the effect of technical progress on early retirement in the US.
The estimates reveal a stronger effect of technical change on these individuals.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com