Luddites, the industrial revolution, and the demographic transition
Technological change was unskilled-labor-biased during the early industrial revolution, but is skill-biased today. This implies a rich set of non-monotonic macroeconomic dynamics which are not embedded in extant unified growth models. We present historical evidence and develop a model which can endo...
| Main Authors: | , , |
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| Format: | Journal article |
| Published: |
Springer US*
2013
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