The author examines periods of rapid technological change for coincidences of widening inequality and slowing productivity growth. He contends that while the introduction of technologies offers profits to investors and premiums for skilled workers, in the long run the rising tide of technological change lifts everybody's boat.Technology ; Productivity ; Income distribution

Jeremy Greenwood

English

Research Papers in Economics

A Bayesian Learning Model Fitted to a Variety of Empirical Learning

American Economic Growth and Standards of Living before the Civil War”

An Economic Study of the Information Technology Revolution,”

Capital–Skill Complementarity and Inequality,” Federal Reserve Bank of Minneapolis,

Capital–Skill Complementarity,” Review of Economics and Statistics,

Computer and Dynamo: The Modern Productivity Paradox in a Not-Too-Distant Mirror,” in Technology and Productivity: The Challenge for Economic Policy. Paris: Organisation for Economic Co-operation and Development,

Computers and Growth: Firm-Level Evidence,” Alfred P. Sloan

Decomposing Learning by Doing in New Plants,”

Learning and Growth,”

Reinterpreting Economic Growth: Parables and Realities,”

The ‘Horndal Effect’ in Lowell, 1834–56: A Short-Run Learning Curve for Integrated Cotton Textile Mills,”

The Comparative Advantage of Educated Workers in Implementing New

The Unbound Prometheus: Technological Change and Industrial Development in Western Europe from 1750 to the Present. London:

Time Paths in the Diffusion of Product Innovations,

Wage Inequality and the Rise in Returns to Skill,”

The Third Industrial Revolution

http://www.clevelandfed.org/Research/review/1999/99-q2-greenwood.pdf

The Third Industrial Revolution

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Research Papers in Economics