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Implications of the capital-embodiment revolution for directed R&D and wage inequality

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  • Andreas Hornstein
  • Per Krusell

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File URL: http://www.richmondfed.org/publications/research/economic_quarterly/2003/fall/pdf/hornstein.pdf
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Bibliographic Info

Article provided by Federal Reserve Bank of Richmond in its journal Economic Quarterly.

Volume (Year): (2003)
Issue (Month): Fall ()
Pages: 25-50

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Handle: RePEc:fip:fedreq:y:2003:i:fall:p:25-50:n:v.89no.4

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Related research

Keywords: Wages ; Labor market ; Productivity;

References

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  1. Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages S71-102, October.
  2. Acemoglu, Daron, 1997. "Why Do New Technologies Complement Skills? Directed Technical Change and Wage Inequality," CEPR Discussion Papers 1707, C.E.P.R. Discussion Papers.
  3. Marvin Goodfriend & John McDermott, 1999. "Industrial development and the convergence question," Working Paper 99-01, Federal Reserve Bank of Richmond.
  4. Claudia Goldin & Lawrence F. Katz, 1999. "The Returns to Skill in the United States across the Twentieth Century," NBER Working Papers 7126, National Bureau of Economic Research, Inc.
  5. Greenwood, J. & Hercowitz, Z. & Krusell, P., 1995. "Long-Run Implications of Investment-Specific Technological Change," UWO Department of Economics Working Papers 9510, University of Western Ontario, Department of Economics.
  6. Andreas Hornstein & Dan Peled, 1998. "External vs. internal learning-by-doing in an R&D based growth model," Working Paper 98-01, Federal Reserve Bank of Richmond.
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Cited by:
  1. John Hassler & Jose V. Rodriguez Mora & Joseph Zeira, 2007. "Inequality and Mobility," ESE Discussion Papers 165, Edinburgh School of Economics, University of Edinburgh.
  2. Hui He & Zheng Liu, 2008. "Investment-Specific Technological Change, Skill Accumulation, and Wage Inequality," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 11(2), pages 314-334, April.
  3. Hornstein, Andreas & Krusell, Per & Violante, Giovanni L., 2005. "The Effects of Technical Change on Labor Market Inequalities," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 20, pages 1275-1370 Elsevier.
  4. Hui He & Zheng Liu, 2006. "Investment-specific Technical Change and the Dynamics of Skill Accumulation and Wage Inequality," Emory Economics 0609, Department of Economics, Emory University (Atlanta).
  5. Fatih Guvenen & Burhanettin Kuruscu, 2007. "Understanding the Evolution of the U.S. Wage Distribution: A Theoretical Analysis," NBER Working Papers 13096, National Bureau of Economic Research, Inc.

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