The Product Cycle and Inequality
AbstractThis paper models the product cycle and explains how it relates to world inequality. In the model, both phenomena arise because skilled people have a comparative advantage in making high-tech products. The model can explain up to a 10:1 income differential between people and up to a 7:1 differential between countries.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 10910.
Date of creation: Nov 2004
Date of revision:
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- F0 - International Economics - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-11-22 (All new papers)
- NEP-DGE-2004-11-22 (Dynamic General Equilibrium)
- NEP-LTV-2004-11-22 (Unemployment, Inequality & Poverty)
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