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Innovation and Income Inequality

The paper articulates and tests the hypothesis that innovation is a major factor in the reduction of income inequalities. The relationship between the pace of technological change and the dynamics of income inequalities has been first suggested by Kuznets (1955), but found little elaboration and empirical investigation in the subsequent literature. The evidence of a large data set including advanced countries, such as the US, Canada and the members of the European Union, as well as the newly industrializing BRIC members, in the years 1995-2011, confirms the virtuous circle between technological change and income inequalities.

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Paper provided by University of Turin in its series Department of Economics and Statistics Cognetti de Martiis. Working Papers with number 201324.

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Length: 24 pages
Date of creation: May 2013
Date of revision:
Handle: RePEc:uto:dipeco:201324
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  10. Paolo Manasse & Alessandro Turrini, . "Trade, Wages and "Superstars"," Working Papers 140, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
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  13. Zvi Griliches, 1998. "Patent Statistics as Economic Indicators: A Survey," NBER Chapters, in: R&D and Productivity: The Econometric Evidence, pages 287-343 National Bureau of Economic Research, Inc.
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