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Luddites and the Demographic Transition / Kevin H. O'Rourke, Ahmed S. Rahman, Alan M. Taylor.
- Format:
- Book
- Author/Creator:
- O'Rourke, Kevin H.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w14484.
- NBER working paper series no. w14484
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2008.
- Summary:
- Technological change was unskilled-labor-biased during the early Industrial Revolution, but is skill-biased today. This is not embedded in extant unified growth models. We develop a model which can endogenously account for these facts, where factor bias reflects profit-maximizing decisions by innovators. Endowments dictate that the early Industrial Revolution be unskilled-labor-biased. Increasing basic knowledge causes a growth takeoff, an income-led demand for fewer educated children, and the transition to skill-biased technological change. The simulated model tracks British industrialization in the 18th and 19th centuries and generates a demographic transition without relying on either rising skill premia or exogenous educational supply shocks.
- Notes:
- Print version record
- November 2008.
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