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Are the Unemployed Unemployable?
Author:
Gilles Saint-Paul null

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Series:
IMF Working Papers
Volume/Issue:
Volume 1994: Issue 064
Language:
English
Publication Date:
01 Jun 1994
DOI:
https://doi.org/10.5089/9781451848496.001
ISBN:
9781451848496
ISSN:
1018-5941
Pages:
24
Keywords:
WP
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IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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This paper develops a matching model of the labor market under wage rigidity when hiring decisions are irreversible. There are two types of workers, the skilled and the unskilled. The model is used to analyze whether technological advances may have increased unemployment. It is shown that it is likely to be so if they are associated with an increase in the productivity and/or the supply of skilled workers relative to unskilled workers. These effects are stronger when hiring decisions are more irreversible.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund