Luddites and the demographic transition / Kevin H. O'Rourke, Ahmed S. Rahman, Alan M. Taylor.
Material type:
TextSeries: Working paper series (National Bureau of Economic Research) ; no. 14484.Publication details: Cambridge, Mass. : National Bureau of Economic Research, 2008Description: 38 p. : ill. ; 22 cmSubject(s): Industrialization -- Econometric models | Ability -- Economic aspects | Industrialization -- Great Britain -- History -- 18th century | Industrialization -- Great Britain -- History -- 19th centuryLOC classification: HB1 | .N38 no. 14484Online resources: Click here to access online 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.
| Item type | Current library | Collection | Call number | Copy number | Status | Date due | Barcode |
|---|---|---|---|---|---|---|---|
Book
|
University of Macedonia Library Βιβλιοστάσιο Β (Stack Room B) | Research Papers | HB1.N38 no. 14484 (Browse shelf (Opens below)) | 1 | Available | 0013119111 |
Includes bibliographical references (p. 33-36).
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.
There are no comments on this title.