Technological unemployment in industrial countries

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15 Citations (Scopus)

Abstract

Using annual data on 21 industrial countries from the period 1985 to 2009 and a large number of controls, this paper empirically analyzes the impact of technological change on unemployment. As proxy for technological change, it uses the ratio of triadic patent families to population. According to the regression results, an increase in technological change substantially increases unemployment over 3 years. There is no long-term effect, though. The results are robust to both endogeneity and numerous variations in specifications. They support theoretical contributions according to which faster technological progress may increase unemployment, at least during a transition period.
Original languageEnglish
Pages (from-to)1099-1126
Number of pages28
JournalJournal of Evolutionary Economics
Volume23
Issue number5
DOIs
Publication statusPublished - Nov 2013

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Technological change
Unemployment
Developed countries
Patents
Technological progress
Endogeneity

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Technological unemployment in industrial countries. / Feldmann, Horst.

In: Journal of Evolutionary Economics, Vol. 23, No. 5, 11.2013, p. 1099-1126.

Research output: Contribution to journalArticle

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