Mostra el registre parcial de l'element Ciccone, Antonio
dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa 2017-07-26T10:50:06Z 2017-07-26T10:50:06Z 1996-10-01
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.title Falling real wages during an industrial revolution
dc.type info:eu-repo/semantics/workingPaper 2017-07-23T02:02:50Z
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.subject.keyword Macroeconomics and International Economics
dc.rights.accessRights info:eu-repo/semantics/openAccess

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