UTILISING THE KNOWLEDGE OF PAST TECHNOLOGICAL CHANGES TO UNDERSTAND FUTURE IMPACTS
The transformational power of innovation in information technology over the production process of firms is an undeniable fact. When this change affects the size and structure of a firm, it is called quantity-biased technological change (QBTC).
The EU-funded TechChange project aims to study this type of technological change, and especially how it affects the workforce in terms of employment and wage inequality.
TechChange uses a model with highly heterogeneous firms and workers and decreasing returns to firm size and revisits past periods of technological change and related policy interventions to gain insights for the future.
Host Institution since 2020: UCLouvain
Beneficiaries : EUI and UCLouvain
This project has received funding from the European Research Council (ERC) under the European Union's Horizon 2020 research and innovation programme under the grant agreement number 818859.