The Allocation of Risk and Economic Slumps. The aim of this project is to construct and analyse models that identify a novel feedback mechanism in which the distribution of investment risk interacts with aggregate employment variations. It will provide a useable framework for economic policy analysis in which the distribution of wealth affects the demand for investment risk while the distribution of production risk affects the supply of labour income risk.
Discovery Early Career Researcher Award - Grant ID: DE190100800
Funder
Australian Research Council
Funding Amount
$371,000.00
Summary
Technological change: impacts on labour, capital and policy. This project aims to investigate how technological progress, its dissemination and heterogeneous adoption, shapes our economy and affects individual wellbeing. New technologies often complement certain workers, tasks or sectoral activities. This project will focus on the complementarities associated with a range of skills and age or experience of workers, and will model the dynamics and heterogeneous effects of technological changes. T ....Technological change: impacts on labour, capital and policy. This project aims to investigate how technological progress, its dissemination and heterogeneous adoption, shapes our economy and affects individual wellbeing. New technologies often complement certain workers, tasks or sectoral activities. This project will focus on the complementarities associated with a range of skills and age or experience of workers, and will model the dynamics and heterogeneous effects of technological changes. The proposed novel framework will incorporate multiple dimensions of skill and capital. Combining this framework with more than 50 years of data, the project will analyse the effects of technological change on wage structure and earnings distribution, individual decisions about time allocation and retirement.Read moreRead less