000 01159nam a22001457a 4500
999 _c522269
_d522269
008 230328b ||||| |||| 00| 0 eng d
100 _aSan, Shmuel
_939134
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