期刊名称：HIER Discussion Paper Series / Harvard Institute of Economic Research
出版年度：2006
卷号：2006
出版社：Harvard Institute of Economic Research
摘要：Many low skilled jobs have been substituted away for machines in Europe, or
eliminated, much more so than in the US, while technological progress at the
“top”, i.e. at the hightech sector, is faster in the US than in Europe. This
paper suggests that the main difference between Europe and the US in this
respect is their different labor market policies. European countries reduce wage
flexibility and inequality through a host of labor market regulations, like
binding minimum wage laws, permanent unemployment subsidies, firing costs, etc.
Such policies create incentives to develop and adopt labor saving capital
intensive technologies at the low end of the skill distribution. At the same
time technical progress in the US is more skill biased than in Europe, since
American skilled wages are higher.
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