Falling real wages during an industrial revolution

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Ciccone, Antonio. Falling real wages during an industrial revolution. 1996
http://hdl.handle.net/10230/1044
To cite or link this document: http://hdl.handle.net/10230/1044
dc.contributor.author Ciccone, Antonio
dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
dc.date.issued 1996-10-01
dc.identifier.uri http://hdl.handle.net/10230/1044
dc.description.abstract The Industrial Revolution was characterized by technological progress and an increasing capital intensity. Why did real wages stagnate or fall in the beginning? I answer this question by modeling the Industrial Revolution as the introduction of a relatively more capital intensive production method in a standard neoclassical framework. I show that {\sl real wages fall in the beginning of an industrial revolution if and only if technological progress in the relatively more capital intensive sector is relatively fast.}
dc.language.iso eng
dc.relation.ispartofseries Economics and Business Working Papers Series; 195
dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.title Falling real wages during an industrial revolution
dc.type info:eu-repo/semantics/workingPaper
dc.date.modified 2014-06-03T07:13:53Z
dc.subject.keyword Macroeconomics and International Economics
dc.subject.keyword industrial revolution
dc.subject.keyword technological change
dc.subject.keyword capital intensive
dc.subject.keyword production
dc.subject.keyword neoclassical growth model
dc.rights.accessRights info:eu-repo/semantics/openAccess


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