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Technological Progress and Economic Transformation

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Abstract

Growth theory goes a long way toward explaining phenomena in labor economics linked with U.S. economic development. Some examples are: (a) the secular decline in fertility between 1800 and 1980, (b) the decline in agricultural employment and the rise in skill since 1800, (c) the demise of child labor starting around 1900, (d) the increase in female labor-force participation from 1900 to 1980. Growth theory models are presented to address all of these facts, plus the temporary rise in fertility that occurred during the baby boom. The analysis emphasizes the role of technological progress as a catalyst for economic transformation. A separate set of lecture notes on the paper is available at: https://urresearch.rochester.edu/handle/1802/6714

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Paper provided by Economie d'Avant Garde in its series Economie d'Avant Garde Research Reports with number 3.

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Length: 50 pages
Date of creation: Oct 2002
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Handle: RePEc:eag:rereps:3

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Web page: http://www.jeremygreenwood.net/EAG.htm

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Keywords: Child Labor; Economic Growth; Educational Attainment; Female Labor-Force Participation; Fertility; Technological Progress.;

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