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Innovation, human capital and earning distribution: towards a dynamic life-cycle approach

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Vona, Francesco
Consoli, Davide

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Abstract

Empirical anomalies in the dynamics of earnings following the emergence of new ICT technologies are not consistent with various re-elaborations of the human capital theory. The first part of the paper reviews critically this literature and highlights an important gap concerning the role of institutional infrastructures for the systematisation and diffusion of new knowledge. The dynamic life-cycle approach elaborated in the second part provides a coherent account of the evidence, and indicates interesting implications for innovation and educational policies.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 13032.

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Date of creation: 27 Jan 2009
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Handle: RePEc:pra:mprapa:13032

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Related research
Keywords: Innovation; Human Capital; Earning Distribution;

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Find related papers by JEL classification:
J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
D8 - Microeconomics - - Information, Knowledge, and Uncertainty
O31 - Economic Development, Technological Change, and Growth - - Technological Change - - - Innovation and Invention: Processes and Incentives

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