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Techonolgical Change and the Income Distribution: Theory and Some Evidence

Wang, Tianxi and Wright, Greg C (2014) Techonolgical Change and the Income Distribution: Theory and Some Evidence. Working Paper. University of Essex, Department of Economics, Economics Discussion Papers, Colchester. (Unpublished)

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Abstract

This paper considers two types of technological change in a unified model. Typ A is unskilled-biased, allowing workers to cheaply produce more. This hurts the least talented workers while possibly benefitting the most talented ones. Together, these technological changes may have contributed to the continuous rise in income inequiality that developed economies have witnessed in recent decades. The paper compares the theoretical results with US data and finds support for the predictions.

Item Type: Monograph (Working Paper)
Uncontrolled Keywords: income inequality; technological change; increasing returns to scale
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Social Sciences
Faculty of Social Sciences > Economics, Department of
SWORD Depositor: Elements
Depositing User: Elements
Date Deposited: 09 Jan 2015 12:41
Last Modified: 06 Jan 2022 13:35
URI: http://repository.essex.ac.uk/id/eprint/12226

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