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 (Unpublished)
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 (Unpublished)
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 (Unpublished)
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: | Unnamed user with email elements@essex.ac.uk |
| Depositing User: | Unnamed user with email elements@essex.ac.uk |
| Date Deposited: | 09 Jan 2015 12:41 |
| Last Modified: | 17 Mar 2023 18:48 |
| URI: | http://repository.essex.ac.uk/id/eprint/12226 |
Available files
Filename: dp754.pdf