Wage Inequality and the New Economy

@inproceedings{Aghion2002WageIA,
  title={Wage Inequality and the New Economy},
  author={Philippe Aghion and Peter J Howitt},
  year={2002}
}
Many economists have argued that the observed increase in wage inequality in developed economies over the past 30 years is due to skill-biased technical progress. In this paper we put forward a somewhat different technology-based argument, namely that the increased inequality was caused by technical change linked to the pervasive innovation wave associated with the New Economy. This technical change was not skill-biased in the usual sense, but rather raised the reward to adaptability. This… CONTINUE READING

Citations

Publications citing this paper.
SHOWING 1-10 OF 26 CITATIONS

WAGES AND PSYCHOLOGICAL , ORGANIZATIONAL AND TECHNOLOGICAL CAPITAL

Paola Gritti, Riccardo Leoni
  • 2013
VIEW 8 EXCERPTS
CITES BACKGROUND & METHODS
HIGHLY INFLUENCED