A model is developed to analyse the relation between wages and technological complexity, as characterised by the "O-ring" theory of production. In equilibrium, the adoption of a relatively complex technology induces the employer to pay higher wages. We argue that the model can explain increased within-group wage inequality as a consequence of increased technological heterogeneity among firms.
Dalmazzo, A. (2002). Technological complexity, wage differentials and unemployment. SCANDINAVIAN JOURNAL OF ECONOMICS, 104(4), 515-530 [10.1111/1467-9442.00299].
Technological complexity, wage differentials and unemployment
DALMAZZO, ALBERTO
2002-01-01
Abstract
A model is developed to analyse the relation between wages and technological complexity, as characterised by the "O-ring" theory of production. In equilibrium, the adoption of a relatively complex technology induces the employer to pay higher wages. We argue that the model can explain increased within-group wage inequality as a consequence of increased technological heterogeneity among firms.
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https://hdl.handle.net/11365/7854
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