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| Tekijä: | Lloyd-Ellis, H. |
| Otsikko: | Endogenous technological change and wage inequality |
| Lehti: | American Economic Review
1999 : MAR, VOL. 89:1, p. 47-77 |
| Asiasana: | ECONOMICS TECHNOLOGY CHANGE |
| Kieli: | eng |
| Tiivistelmä: | Although microeconomic studies find a positive relationship between R&D and skill premia, much of the recent rise in U.S. wage inequality was accompanied by slowing labor-productivity growth and relatively slow introduction of new technologies. These conflicting observations are consistent with the effects of a skewed distribution of "absorptive capacities" -- the rate at which technology-specific skill can be acquired -- in a model of endogenous technological change. |
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