When Does Labor Scarcity Encourage Innovation?

S-Tier
Journal: Journal of Political Economy
Year: 2010
Volume: 118
Issue: 6
Pages: 1037 - 1078

Score contribution per author:

8.043 = (α=2.01 / 1 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper studies whether labor scarcity encourages technological advances, that is, technology adoption or innovation, for example, as claimed by Habakkuk in the context of nineteenth-century United States. I define technology as strongly labor saving if technological advances reduce the marginal product of labor and as strongly labor complementary if they increase it. I show that labor scarcity encourages technological advances if technology is strongly labor saving and will discourage them if technology is strongly labor complementary. I also show that technology can be strongly labor saving in plausible environments but not in many canonical macroeconomic models.

Technical Details

RePEc Handle
repec:ucp:jpolec:doi:10.1086/658160
Journal Field
General
Author Count
1
Added to Database
2026-01-24