When does labor scarcity encourage innovation?
This paper studies whether labor scarcity encourages technological advances, i.e., technology adoption or innovation, for example, as claimed by Habakkuk in the context of 19th-century United States. I define technology as strongly labor saving if technological advances reduce the marginal product o...
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| Format: | Article |
| Language: | en_US |
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University of Chicago Press
2011
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| Online Access: | http://hdl.handle.net/1721.1/61785 https://orcid.org/0000-0003-0908-7491 |