This 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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Paper provided by Brown University, Department of Economics in its series Working Papers with number
98-14.
Find related papers by JEL classification: 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 - - - Technological Change: Choices and Consequences; Diffusion Processes O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
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