Saint-Paul Innovation and Inequality

How Does Technical Progress Affect Workers?
Course Book
ISBN: 978-1-4008-2477-9
Verlag: De Gruyter
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 208 Seiten

No detailed description available for "Innovation and Inequality".

Autoren/Hrsg.

Saint-Paul, Gilles

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Makroökonomie

Inhaltsverzeichnis

Introduction vii

Chapter 1: Which Tools Do We Need? 1

1.1 Production and Factor Prices 2

1.2 Factor Prices and Income Distribution 6

1.3 Factor Accumulation 11

1.4 Endogenous Technical Change 15

Chapter 2: Productivity and Wages in Neoclassical Growth Models 23

2.1 The Short Run 25

2.2 The Long Run 26

2.3 Conclusion 31

Chapter 3: Heterogeneous Labor 32

3.1 Skill-Biased Technical Progress 32

3.2 Capital-Skill Complementarity 35

3.3 Unbalanced Growth 38

3.4 Conclusion 41

Chapter 4: Competing Technologies 42

4.1 Learning the New Technology Is Costly 43

4.2 The New Technology Has Different Factor Intensities 52

4.3 Asymmetric Technical Progress 54

4.4 Conclusion 56

Chapter 5: Supply Effects 57

5.1 Supply Effects and Competing Technologies 58

5.2 Induced Bias in Innovation 72

5.3 Conclusion 84

Chapter 6: Labor as a Quality Input: Skill Aggregation and Sectoral Segregation 85

6.1 Bundling and Pricing of Labor Market Characteristics 86

6.2 Conclusion 98

Chapter 7: The Economics of Superstars 99

7.1 A Simple Model 100

7.2 Occupational Choice and Displacement 103

7.3 Growth and the Allocation of Talent 108

7.4 Hierarchy and Span of Control 109

7.5 Conclusion 116

Chapter 8: Complementarities and Segregation by Skills 117

8.1 A Simple Model 117

8.2 Application: Household Income Inequality and Assortative Mating 125

8.3 Extension: Increasing Firm Size and the Number of Worker Types in Segregated Equilibria 127

8.4 Aggregating Individual Interactions 131

8.5 Conclusion 148

8.6 Appendix 148

Chapter 9: Demand Effects 152

9.1 The Isoelastic Benchmark 153

9.2 Nonhomothetic Utility 154

9.3 The Limited Needs Property 155

9.4 Dynamics: Growth and the Introduction of New Varieties 158

9.5 An Application to Globalization 163

9.6 Asymmetries between Goods 165

9.7 Conclusion 171

9.8 Appendix 172

Chapter 10: Nonhomothetic Preferences and the Distributive Effects of Innovation and Intellectual Property 174

10.1 The Social Welfare Problem 175

10.2 Second-Best Analysis: The Role of Intellectual Property 179

10.3 Conclusion 182

10.4 Appendix: Derivation of (10.11) 183

Epilogue 184

References 187

Über Autor(innen)

Gilles Saint-Paul is professor of economics at the Toulouse School of Economics and at the University of London's Birkbeck College. His books include The Political Economy of Labour Market Institutions and Dual Labor Markets.