Distributional Effects of Technological Regime Changes: Hysteresis, Concentration and Inequality Dynamics

Dawid H, Hepp J (2021) Universität Bielefeld Working Papers in Economics and Management; 09-2021.
Bielefeld: Bielefeld University, Department of Business Administration and Economics.

Diskussionspapier | Veröffentlicht | Englisch
 
Download
OA 652.34 KB
Abstract / Bemerkung
In this paper we study the effect of different types of technological regime changes on the evolution of industry concentration and wage inequality. Using a calibrated agent-based macroeconomic framework, the Eurace@Unibi model, we consider scenarios where the new regime is characterized by more frequent respectively more substantial changes in the frontier technology compared to the old regime. We show that under both scenarios the regime change leads to an increase in the heterogeneity of productivity in the firm population and to increased market concentration, where effects are much less pronounced if the new regime differs from the old one with respect to the frequency of innovations. If the new regime is characterized by an increase of the size of the frontier jumps along the technological trajectory, the evolution of the wage inequality has an inverted U-shape with a large fraction of workers profiting in the very long run from high wages offered by dominant high-tech firms. Finally, it is shown that (oberservable) heterogeneity of worker skills plays an important role in generating these dynamic effects of technological regime changes.
Stichworte
Agent Based Modeling; Technological Regime; Inequality; Firm Polarization
Erscheinungsjahr
2021
Band
09-2021
Seite(n)
33
ISBN
2196-2723
Page URI
https://pub.uni-bielefeld.de/record/2952631

Zitieren

Dawid H, Hepp J. Distributional Effects of Technological Regime Changes: Hysteresis, Concentration and Inequality Dynamics. Universität Bielefeld Working Papers in Economics and Management. Vol 09-2021. Bielefeld: Bielefeld University, Department of Business Administration and Economics; 2021.
Dawid, H., & Hepp, J. (2021). Distributional Effects of Technological Regime Changes: Hysteresis, Concentration and Inequality Dynamics (Universität Bielefeld Working Papers in Economics and Management, 09-2021). Bielefeld: Bielefeld University, Department of Business Administration and Economics. https://doi.org/10.4119/unibi/2952631
Dawid, H., and Hepp, J. (2021). Distributional Effects of Technological Regime Changes: Hysteresis, Concentration and Inequality Dynamics. Universität Bielefeld Working Papers in Economics and Management, 09-2021, Bielefeld: Bielefeld University, Department of Business Administration and Economics.
Dawid, H., & Hepp, J., 2021. Distributional Effects of Technological Regime Changes: Hysteresis, Concentration and Inequality Dynamics, Universität Bielefeld Working Papers in Economics and Management, no.09-2021, Bielefeld: Bielefeld University, Department of Business Administration and Economics.
H. Dawid and J. Hepp, Distributional Effects of Technological Regime Changes: Hysteresis, Concentration and Inequality Dynamics, Universität Bielefeld Working Papers in Economics and Management, vol. 09-2021, Bielefeld: Bielefeld University, Department of Business Administration and Economics, 2021.
Dawid, H., Hepp, J.: Distributional Effects of Technological Regime Changes: Hysteresis, Concentration and Inequality Dynamics. Universität Bielefeld Working Papers in Economics and Management, 09-2021. Bielefeld University, Department of Business Administration and Economics, Bielefeld (2021).
Dawid, Herbert, and Hepp, Jasper. Distributional Effects of Technological Regime Changes: Hysteresis, Concentration and Inequality Dynamics. Bielefeld: Bielefeld University, Department of Business Administration and Economics, 2021. Universität Bielefeld Working Papers in Economics and Management. 09-2021.
Alle Dateien verfügbar unter der/den folgenden Lizenz(en):
Creative Commons Namensnennung 4.0 International Public License (CC-BY 4.0):
Volltext(e)
Name
Access Level
OA Open Access
Zuletzt Hochgeladen
2021-03-10T15:09:19Z
MD5 Prüfsumme
d1c3a707fa12483da3fabf8e4dd1033a

Export

Markieren/ Markierung löschen
Markierte Publikationen

Open Data PUB

Suchen in

Google Scholar
ISBN Suche