Innovation and inequality : how does technical progress affect workers? / Gilles Saint-Paul.

Format:

Book

Author/Creator:

Saint-Paul, Gilles.

Language:

English

Subjects (All):

Employees--Effect of technological innovations on.

Employees.

Labor supply--Effect of technological innovations on.

Labor supply.

Technological innovations.

Income distribution.

Physical Description:

xiv, 190 pages : illustrations ; 24 cm

Place of Publication:

Princeton ; Oxford : Princeton University Press, [2008]

Contents:

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

2 Productivity and Wages in Neoclassical Growth Models 23

2.1 The Short Run 25

2.2 The Long Run 26

3 Heterogeneous Labor 32

3.1 Skill-Biased Technical Progress 32

3.2 Capital-Skill Complementarity 35

3.3 Unbalanced Growth 38

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

5 Supply Effects 57

5.1 Supply Effects and Competing Technologies 58

5.2 Induced Bias in Innovation 72

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

6.1 Bundling and Pricing of Labor Market Characteristics 86

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

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

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

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

10.4 Appendix: Derivation of (10.11) 183.

Notes:

Includes bibliographical references (pages [187]-190).

ISBN:

9780691128306

0691128308

OCLC:

181142090