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Author:Galor, O.
Tsiddon, D.
Title:Technological progress, mobility, and economic growth
Journal:American Economic Review
1997 : JUN, VOL. 87:3, p. 363-382
Index terms:TECHNOLOGY
MOBILITY
ECONOMIC GROWTH
PAY DIFFERENTIALS
INEQUALITY
Language:eng
Abstract:This article analyzes the interaction between technological progress, earnings inequality, intergenerational earnings mobility, and economic growth. Cycles of technological progress may play an important role in determining the evolution of earnings inequality and intergenerational earnings mobility, and that earnings mobility may govern the pace of technological progress and output growth. Technological progress and enhanced mobility may be associated with a productivity slowdown in the short run, as long as the human capital requirements for technologically advanced sectors largely is in the form of on-the-job-training.
SCIMA record nr: 165434
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