Sufficient conditions for an inverse relationship between productivity and employment
This study examines the relationship between the competitive firm 's response to technological advances that improve labor productivity and the firm's degree of risk aversion when output price is uncertain. One of the investigated cases reveal that when the firm's degree of risk avers...
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| Veröffentlicht in: | The Quarterly review of economics and finance 1994-10, Vol.34 (3), p.301-307 |
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| container_title | The Quarterly review of economics and finance |
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| creator | Firoozi, Fathali |
| description | This study examines the relationship between the competitive firm 's response to technological advances that improve labor productivity and the firm's degree of risk aversion when output price is uncertain. One of the investigated cases reveal that when the firm's degree of risk aversion is sufficiently large, a technological advance leads to a fall in optimal employment while optimal output rises. The results provide an explanation for the known inconsistency between the deterministic theory and empirical observations regarding employment and output effects of technological advances. |
| doi_str_mv | 10.1016/1062-9769(94)90029-9 |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 1062-9769 |
| ispartof | The Quarterly review of economics and finance, 1994-10, Vol.34 (3), p.301-307 |
| issn | 1062-9769 1878-4259 |
| language | eng |
| recordid | cdi_proquest_journals_215795143 |
| source | RePEc; Periodicals Index Online; ScienceDirect Journals (5 years ago - present) |
| subjects | Economic aspects Economic conditions Economic theory Employment Labor productivity Productivity Risk aversion Risk management Technological change Technology Uncertainty |
| title | Sufficient conditions for an inverse relationship between productivity and employment |
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