Adaptability and Complexity : Are Schooling and Technological Choices Effective?

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2005

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Bruno Decreuse et al., « Adaptability and Complexity : Are Schooling and Technological Choices Effective? », Revue économique, ID : 10670/1.4b8041...


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European labour markets have known three majour changes over the past three decades: the complexification of the technological environment, the growth of general education across the workforce, and rising unemployment. Taken together, do these facts reflect the inefficiency of schooling and technological decisions? Our answer takes place in a matching model of unemployment in which firms choose technological complexity, and workers educate to improve their adaptability. We show economic policy should focus on the labour market and the education system rather than on firms’ technological choices.

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