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_c522269 _d522269 |
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_aSan, Shmuel _939134 |
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| 245 | _aLabor supply and directed technical change: Evidence from the termination of the Bracero program in 1964 | ||
| 260 | _aAmerican Economic Journal: Applied Economics | ||
| 300 | _a15(1), Jan, 2023: p.136-163 | ||
| 520 | _aThis paper studies the impact of labor supply on the creation of new technology, exploiting a large exogenous shock to the US agricultural labor supply caused by the termination of the Bracero agreements between the US and Mexico at the end of 1964. Using a text-search algorithm allocating patents to crops, I show a negative labor-supply shock induced a sharp increase in innovation in technologies related to more affected crops. The effect is stronger for technology related to labor-intensive production tasks. Farm-value dynamics indicate that, despite the positive technology reaction, the policy change was undesirable for farm owners.- Reproduced | ||
| 773 | _aAmerican Economic Journal: Applied Economics | ||
| 906 | _aLABOUR SUPPLY | ||
| 942 | _cAR | ||