Technology, Growth, and the Labor Market

1. Front Matter

   Pages i-xiii

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2. Productivity and the Macroeconomy

   1. Front Matter

      Pages 1-1

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   2. Productivity and the New Economy

      • Edward M. Gramlich

      Pages 3-9

   3. Will the Recovered Economy Still be a New Economy?

      • Alice M. Rivlin

      Pages 11-16

3. Productivity Growth and Technology: What the Future Holds

   1. Front Matter

      Pages 17-17

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   2. Projecting Productivity Growth: Lessons from the U.S. Growth Resurgence

      • Dale W. Jorgenson, Mun S. Ho, Kevin J. Stiroh

      Pages 19-40

   3. Information Technology and Productivity: Where Are We Now and Where Are We Going?

      • Stephen D. Oliner, Daniel E. Sichel

      Pages 41-94

   4. A Discussion of Productivity Growth and Technology

      • John Fernald

      Pages 95-104

4. Skill-Biased Technological Change and Wage Inequality

   1. Front Matter

      Pages 105-105

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   2. Skill Demand, Inequality, and Computerization: Connecting the Dots

      • David H. Autor, Frank Levy, Richard J. Murnane

      Pages 107-129

   3. Technology and U.S. Wage Inequality: A Brief Look

      • David Card, John E. DiNardo

      Pages 131-160

   4. A Discussion of Skill-Biased Technological Change and Wage Inequality

      • Donna K. Ginther

      Pages 161-167

5. Technology and Productivity in the Firm

   1. Front Matter

      Pages 169-169

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   2. Wages, Productivity, and Technology: What Have We Learned from Micro Evidence for U.S. Manufacturing?

      • John Haltiwanger

      Pages 171-186

   3. A Discussion of Technology and Productivity in the Firm

      • Robert A. Eisenbeis

      Pages 187-195

   4. Productivity, Computerization, and Skill Change

      • Edward N. Wolff

      Pages 197-234

   5. Technology Shocks and Problem-Solving Capacity

      • Kathryn Shaw

      Pages 235-258

   6. A Discussion of Technology and Productivity in the Firm

      • Paula Stephan

      Pages 259-262

6. Back Matter

   Pages 263-272

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Technology, Growth, and the Labor Market brings together research by economists from academia and the Federal Reserve System. The first section of the volume includes discussions by monetary policymakers with firsthand experience in determining how technology affects productivity, inequality, and macroeconomic growth. Papers in the second section discuss the sources of the surge in labor productivity growth during the latter half of the 1990s and present forecasts of labor productivity growth rates during the next few years. In the third section, the papers focus on the role of technological advances in changes in earnings inequality in the labor market. The authors examine whether inequality should be viewed as a causal result of skill-biased technological change or whether there is a missing link - or perhaps no link - between changes in technology and changes in wage inequality. The final section explores the relationships between computer investment, worker skills, human resource practices, and productivity at the industry and firm levels.

• Investment
• USA
• economic growth
• growth
• labor market
• macroeconomics
• monetary policy

• University of Kansas and Federal Reserve Bank of Atlanta, Atlanta, USA

  Donna K. Ginther

• Occidental College and Federal Reserve Bank of Atlanta, Atlanta, USA

  Madeline Zavodny

• Federal Reserve Bank of Atlanta, Atlanta, USA

  Lynn H. Foley

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