Ability Biased Technological Transition, Wage Inequality, and Economic Growth
AbstractThis paper develops a growth model in which the endogenous evolution of technological change and wage inequality is consistent with the observed pattern in the US and several other countries in the last two centuries. The evolution of the economy and its impact on wage inequality is based upon three central elements that appear consistent with empirical evidence.
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Bibliographic InfoPaper provided by Brown University, Department of Economics in its series Working Papers with number 98-14.
Length: 48 pages
Date of creation: 1998
Date of revision:
Contact details of provider:
Postal: Department of Economics, Brown University, Providence, RI 02912
TECHNOLOGICAL CHANGE ; ECONOMIC GROWTH;
Other versions of this item:
- Oded Galor & Omer Moav, 2000. "Ability-Biased Technological Transition, Wage Inequality, And Economic Growth," The Quarterly Journal of Economics, MIT Press, vol. 115(2), pages 469-497, May.
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
- O33 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
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