Title of article
A general purpose technology explains the Solow paradox and wage inequality
Author/Authors
Bas Jacobs، نويسنده , , Richard Nahuis، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2002
Pages
8
From page
243
To page
250
Abstract
We analyze the consequences of a general purpose technology (GPT) on output, productivity, and wages of skilled and unskilled workers. Our endogenous growth model matches three key empirical facts during the 1980s and 1990s: an increasing skill premium, a fall in the real wages of unskilled workers and a slowing down of economic growth after the introduction of a GPT.
Keywords
GPT , Wage inequality , Economic growth
Journal title
Economics Letters
Serial Year
2002
Journal title
Economics Letters
Record number
434869
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