Innovation and inequality : how does technical progress affect workers? /

Innovation and inequality : how does technical progress affect workers? /

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Bibliographic Details
Author / Creator:Saint-Paul, Gilles, author.
Imprint:Princeton, N.J. : Princeton University Press, ©2008.
Description:1 online resource (xiv, 190 pages) : illustrations
Language:English
Subject:
Employees -- Effect of technological innovations on.
Labor supply -- Effect of technological innovations on.
Technological innovations.
Income distribution.
Employees -- Effect of technological innovations on.
Income distribution.
Labor supply -- Effect of technological innovations on.
Technological innovations.
Electronic book.
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/11194555
Hidden Bibliographic Details
Varying Form of Title:Innovation & inequality
How does technical progress affect workers
ISBN:9781400824779
140082477X
1282129619
9781282129610
9780691128306
0691128308
Digital file characteristics:text file
Notes:Includes bibliographical references (pages 187-190).
Print version record.
Summary:Karl Marx predicted a world in which technical innovation would increasingly devalue and impoverish workers, but other economists thought the opposite, that it would lead to increased wages and living standards--and the economists were right. Yet in the last three decades, the market economy has been jeopardized by a worrying phenomenon: a rise in wage inequality that has left a substantial portion of the workforce worse off despite the continuing productivity growth enjoyed by the economy. Innovation and Inequality examines why. Studies have firmly established a link between this worrying tre.
Other form:Print version: Saint-Paul, Gilles. Innovation and inequality. Princeton, N.J. : Princeton University Press, ©2008 9780691128306 0691128308
Table of Contents:
  • Introduction
  • Chapter 1. Which Tools Do We Need?
  • 1.1. Production and Factor Prices
  • 1.2. Factor Prices and Income Distribution
  • 1.3. Factor Accumulation
  • 1.4. Endogenous Technical Change
  • Chapter 2. Productivity and Wages in Neoclassical Growth Models
  • 2.1. The Short Run
  • 2.2. The Long Run
  • 2.3. Conclusion
  • Chapter 3. Heterogeneous Labor
  • 3.1. Skill-Biased Technical Progress
  • 3.2. Capital-Skill Complementarity
  • 3.3. Unbalanced Growth
  • 3.4. Conclusion
  • Chapter 4. Competing Technologies
  • 4.1. Learning the New Technology Is Costly
  • 4.2. The New Technology Has Different Factor Intensities
  • 4.3. Asymmetric Technical Progress
  • 4.4. Conclusion
  • Chapter 5. Supply Effects
  • 5.1. Supply Effects and Competing Technologies
  • 5.2. Induced Bias in Innovation
  • 5.3. Conclusion
  • Chapter 6. Labor as a Quality Input: Skill Aggregation and Sectoral Segregation
  • 6.1. Bundling and Pricing of Labor Market Characteristics
  • 6.2. Conclusion
  • Chapter 7. The Economics of Superstars
  • 7.1. A Simple Model
  • 7.2. Occupational Choice and Displacement
  • 7.3. Growth and the Allocation of Talent
  • 7.4. Hierarchy and Span of Control
  • 7.5. Conclusion
  • Chapter 8. Complementarities and Segregation by Skills
  • 8.1. A Simple Model
  • 8.2. Application: Household Income Inequality and Assortative Mating
  • 8.3. Extension: Increasing Firm Size and the Number of Worker Types in Segregated Equilibria
  • 8.4. Aggregating Individual Interactions
  • 8.5. Conclusion
  • 8.6. Appendix
  • Chapter 9. Demand Effects
  • 9.1. The Isoelastic Benchmark
  • 9.2. Nonhomothetic Utility
  • 9.3. The Limited Needs Property
  • 9.4. Dynamics: Growth and the Introduction of New Varieties
  • 9.5. An Application to Globalization
  • 9.6. Asymmetries between Goods
  • 9.7. Conclusion
  • 9.8. Appendix
  • Chapter 10. Nonhomothetic Preferences and the Distributive Effects of Innovation and Intellectual Property
  • 10.1. The Social Welfare Problem
  • 10.2. Second-Best Analysis: The Role of Intellectual Property
  • 10.3. Conclusion
  • 10.4. Appendix: Derivation of (10.11)
  • Epilogue
  • References

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