search query: @indexterm technological change / total: 840
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| Author: | Bénabou, R. |
| Title: | Human capital, technical change, and the welfare state |
| Journal: | Journal of the European Economic Association
2003 : APR-MAY, VOL. 1:2-3, p. 522-532 |
| Index terms: | Human capital Technological change Welfare state |
| Language: | eng |
| Abstract: | The interactions between the distribution of human capital, technological choice, and redistributive institutions are studies. First it is asked what makes alternative social contracts such as a European-style "welfare state" and US-style "laissez-faire" sustainable, and in particular how each is affected by skill-biased technical change. Then technological or organizational choice is endogenized and it is shown that firms respond to greater human capital heterogeneity with more flexible technologies that further exacerbate wage equality. |
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