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Technological Change, the Labor Market and the Stock Market

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NBER2000-11-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w8022
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This paper presents a model in which a partially anticipated technological shock results, in the short-run, in lower investment and higher unemployment. Because of the expectation of future lower profits, the market value of existing firms --and the wages they pay-- decrease before the technology
提供机构:
美国国家经济研究局
创建时间:
2000-11-01
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