Technological Progress and the Future of Kuznets Curve's
AbstractWe use OECD members' data to ascertain that new-born technological inventions increase the degree of inequality but that this declines as the technology disperses into the overall economy (e.g., Galor and Tsiddon, 1997; Weil, 2005). Therefore, we show explicitly that Kuznets curve does not converge to a single inverted U-curve but fluctuates through technological progress as a sine curve.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 18866.
Date of creation: 15 Sep 2008
Date of revision:
Kuznets curve; Income inequality; Cubic hypothesis; Technological progress;
Find related papers by JEL classification:
- I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
- E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
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