Technological progress, mobility, and economic growth

• 成果类型: Article
• 署名作者: Galor, O; Tsiddon, D
• 署名单位: Centre for Economic Policy Research - UK; Tel Aviv University
• 刊物名称: AMERICAN ECONOMIC REVIEW
• ISSN/ISSBN: 0002-8282
• 发表日期: 1997
• 页码: 363-382
• 关键词: wage structure; diffusion; rise

摘要

This paper analyzes the relationship between technological progress, wage inequality, intergenerational earnings mobility, and economic growth. In periods of major technological inventions, a decline in the relative importance of initial conditions raises inequality, enhances mobility, and generates a larger concentration of high-ability individuals in technologically advanced sectors, stimulating future technological progress and growth. However, once technologies become more accessible, mobility is diminished and inequality decreases bur becomes more persistent. The reduction in the concentration of ability in technologically advanced sectors diminishes the likelihood of technological breakthroughs and slows future growth. User friendliness, therefore, becomes unfriendly to future economic growth. (JEL D31, J31, J62, 040)