Technological paradigms,labour creation and destruction in a multi-sector agent-based model |
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| Institution: | 1. Assistant Professor, Graduate School of Management and Economics, Sharif University of Technoloy, Tehran, Iran;2. Professor of Innovation Studies at School of Slavonic and East European Studies University College London, Great Britain;3. Phd Candidate, School of Progress Engineering, Iran University of Science and Technology, Tehran, Iran;1. University of Liverpool Management School, United Kingdom;2. Department of Strategy and Innovation, Copenhagen Business School, Denmark;1. Industrial Systems Engineering & Management, National University of Singapore, Collect of Design and Engineering, Block E1A, #06-25, 1 Engineering Drive 2, Singapore 117576, Singapore;2. MIS Department, Faculté des sciences de l''administration, Université Laval Québec, QC G1V 0A6, Canada;3. Department of Strategic Management & Entrepreneurship, Rotterdam School of Management, Burgemeester Oudlaan 50, 3062PA Rotterdam, the Netherlands;4. Institute for Engineering Leadership, National University of Singapore, #05-49, 4 Engineering Drive 3, Singapore 117583, Singapore;1. ESMT Berlin, Germany;2. Sternitzke Ventures UG, Germany;3. University of Würzburg, Germany;1. ZEW – Leibniz Centre for European Economic Research, L7,1, 68163 Mannheim, Germany;2. University of Luxembourg, Luxembourg;3. Mannheim Centre for Competition and Innovation (MaCCI), Germany;4. Pennsylvania State University, United States of America;5. NBER, United States of America;6. Maastricht University, Tongersestraat 53, 6211 LM Maastricht, the Netherlands;1. Department of Management, Lund University School of Economics and Management, Sweden;3. Technical University of Munich, Germany |
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| Abstract: | This paper presents an agent-based model (ABM) of endogenous arrival of technological paradigms and new sectors entailing different patterns of labour creation and destruction, as well as of consumption dynamics. The model, building on the labour-augmented K+S ABM, addresses the long-term patterns of labour demand emerging from heterogeneous forms of technical change. It provides a multi-level, integrated perspective on so called scenarios of the future of work, currently often restricted or to firm-level or to short-time sectoral analyses, and studies the conditions under which labour creation and destruction tend to balance. It is a relatively fair and stable distribution of income granted by a Fordist-type of regulation of the labour market that guarantees that the model never reaches stages of persistent technological unemployment. On the contrary, a systematic mismatch between production and consumption spheres emerges out of a Competitive (post-Fordist) wage-labour nexus, wherein the labour shedding effect of process innovation tends to prevail over the labour creating effect of product innovation. |
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| Keywords: | Technical change Technological unemployment Structural change Consumption patterns |
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